N.Y. State Finance Law § 155: Discharge and cancellation of mortgages by the state

§ 155. Discharge and cancellation of mortgages by the state. The

treasurer's receipt, countersigned by the comptroller, setting forth

that the whole sum secured by the mortgage held by the state has been

paid, shall be a sufficient discharge of the mortgage, and the officer

in whose office such mortgage is recorded shall record such receipt as a

satisfaction of the mortgage and satisfy the mortgage of record. When

any part or subdivision of any lot mortgaged to or purchased from the

state, for which a separate account has been opened, is paid, the

comptroller shall execute a discharge of such part or subdivision from

such mortgage.

If a map and survey of the whole lot is filed with the comptroller

showing particularly a part or subdivision for which no separate account

has been opened, and the owner thereof pays into the treasury its full

proportion of principal and interest unpaid, and satisfactory proof is

furnished the comptroller that the residue of the lot is sufficient

security for the sum remaining unpaid, he may execute a like discharge

of such part or subdivision.

The comptroller may cancel and discharge any mortgage, on satisfactory

proof that the moneys loaned and secured by such mortgage have been

fully paid to the officers authorized by law to receive the same if the

mortgage remains uncancelled and undischarged of record.