N.Y. Real Property Actions & Proceedings Law § 967: Payment of proceeds to owner of particular or future estate

§ 967. Payment of proceeds to owner of particular or future estate. A

party who has a right of dower, or is a tenant for life or for years, in

or of an undivided share of the property sold, or has an inchoate right

of dower or any other future right or estate, vested or contingent, or

any person not in being who by any contingency may become entitled to

any interest or estate in the property sold, is entitled to have a

proportion of the proceeds of the sale invested, secured or paid over,

in such manner as the court deems calculated to protect the rights and

interests of the parties.