N.Y. Debt. & Cred. Law § 191
Current through 2024 NY Law Chapter 315
Every person to whom a debtor, except one proceeding under the fifth article, shall be indebted on a valuable consideration, for any sum of money not due at the time of such distribution, but payable afterwards, shall receive his proportion with other creditors, after deducting a rebate of legal interest upon the sum distributed, for the time unexpired of such credit.
N.Y. Debt. and Cred. Law § 191