N.Y. Real Property Actions & Proceedings Law § 961: Disposition of proceeds of sale

§ 961. Disposition of proceeds of sale. The proceeds of a sale, after

deducting the costs and expenses chargeable against them shall be

immediately awarded as directed by the final judgment, to the parties

whose rights and interests have been sold, in proportion thereto. The

sum chargeable upon any share to satisfy a lien thereon shall be paid to

the creditor, or retained, subject to the order of the court; and the

remainder except as otherwise prescribed in this article, shall be paid

by the officer making the sale, to the party owning the share or his

legal representatives or into court for his use. The proceedings to

ascertain and settle the liens upon an undivided share shall not affect

any other party to the action or delay the paying over or investing of

money to or for the benefit of any other party upon whose share or

interest in the property there does not appear to be any existing lien.