N.Y. Real Property Actions & Proceedings Law § 1341: Payment into court of amount due

§ 1341. Payment into court of amount due. Where an action is brought

to foreclose a mortgage upon real property upon which any part of the

principal or interest is due, and another portion of either is to become

due, and the defendant pays into court the amount due for principal and

interest and the costs of the action, together with the expenses of the

proceedings to sell, if any, the court shall:

1. Dismiss the complaint without costs against plaintiff, if the

payment is made before judgment directing sale; or

2. Stay all proceedings upon judgment, if the payment is made after

judgment directing sale and before sale; but, upon a subsequent default

in the payment of principal or interest, the court may make an order

directing the enforcement of the judgment for the purpose of collecting

the sum then due.