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What is NYC AC § 7-506?

Quick Answer

This section outlines the procedure for the disposition of moneys collected by the sheriff or their subordinates in legal actions. It specifies that funds not directed to a party must be deposited into court and trust fund accounts managed by the commissioner of finance, with withdrawals requiring a court order. Applies to parties involved in legal proceedings where the sheriff collects funds.

General informational summary. Not legal advice for your situation. Consult an attorney before acting on any specific matter.

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§ 7-506 Disposition of moneys collected.

AC § 7-506

All moneys collected by the sheriff or any of the sheriff's subordinates in any action or proceeding except fees authorized by law shall be paid to the party or parties to whom they are directed to be paid. When the sheriff is not so directed all such monies shall be deposited by the commissioner of finance in the court and trust fund accounts maintained by the commissioner of finance in accordance with applicable law. The money so deposited shall be withdrawn only on an order of the court on notice to the commissioner of finance and all parties who have appeared in the action or proceeding. Editor's note: For related unconsolidated provisions, see Appendix A at L.L. 1995/053.

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