N.Y. C.P.L.R. § 5042
Current through 2024 NY Law Chapter 553
Security authorized or required for payment of a judgment for periodic installments entered in accordance with this article must be in the form of an annuity contract, executed by a qualified insurer and approved by the superintendent of financial services pursuant to section five thousand forty-nine of this article, and approved by the court.
N.Y. CPLR 5042