N.Y. Rapid Transit Law § 64: Payment of liens and encumbrances

§ 64. Payment of liens and encumbrances. Whenever a person would be

entitled to the payment of any advance under section sixty-three of this

chapter and there shall exist mortgages or other prior liens on such

property, the holder of any such prior lien may apply to the city for

payment of his mortgage or encumbrance. If after five days' written

notice given by the corporation counsel to the owner of such property to

file a verified statement of his objections, if any, to the payment of

such mortgage or lien, the corporation counsel shall be satisfied as to

the amount due to such mortgagee or lienor, and shall so certify, the

city shall, to the extent of the moneys available under such section

sixty-three, after providing for prior liens or encumbrances, if any,

pay such mortgage or lien with the interest due thereon.