N.Y. Vehicle & Traffic Law § 333: Payments sufficient to satisfy requirements of this article

§ 333. Payments sufficient to satisfy requirements of this article.

Every judgment herein referred to shall for the purpose of this article

only be deemed satisfied: (a) When twenty-five thousand dollars has been

credited upon any judgment or judgments rendered in excess of that

amount because of bodily injury to or when fifty thousand dollars has

been credited upon any judgment or judgments rendered in excess of that

amount because of death of one person as the result of any one accident;

or

(b) When subject to such limit of twenty-five thousand dollars because

of bodily injury to or fifty thousand dollars because of death of one

person, the sum of fifty thousand dollars has been credited upon any

judgment or judgments rendered in excess of that amount because of

bodily injury to or when one hundred thousand dollars has been credited

upon any judgment or judgments rendered in excess of that amount because

of death of two or more persons as the result of any one accident; or

(c) When ten thousand dollars has been credited upon any judgment or

judgments rendered in excess of that amount because of injury to or

destruction of property of others as a result of any one accident.

Payments made in settlement of any claims because of bodily injury,

death or property damage arising from a motor vehicle accident shall be

credited in reduction of the amounts provided for in this section.