N.Y. Real Property Law § 130-d: Fees and allowances

§ 130-d. Fees and allowances. In the event of a default in a trust

indenture necessitating the sequestration of the rents and income of the

property covered thereby and where the trustee or committee or other

person or persons representing the bondholders is or are lawfully in

possession of the property and they or their attorneys, if any, shall

have rendered services in connection with the property at any time after

default, no fees or allowances shall be paid for such services unless

and until affidavits showing the value thereof have been presented to

the court or a justice thereof and such court or justice has approved

the same and such fees and allowances, if approved, shall be paid in

such manner and at such times as the court or justice shall direct.