N.Y. Real Property Actions & Proceedings Law § 765: Effect of redemption upon lease

§ 765. Effect of redemption upon lease. Where a redemption is made,

as prescribed in this article, the rights of the person redeeming are

subject to a lease, if any, executed by the petitioner since the warrant

was issued, so far that the new lessee, his assigns, undertenants, or

other representatives, upon complying with the terms of the lease, may

hold the premises so leased until twelve o'clock, noon, of the first day

of May next succeeding the redemption. And in all other respects, the

person so redeeming, his assigns and representatives succeed to all the

rights and liabilities of the petitioner under such a lease.