N.Y. Mult. Dwell. Law § 309

Citation: N.Y. Mult. Dwell. Law § 309
Jurisdiction: New York (state)
Source verification: official_capture_completeness_unverified
Original Source: https://www.nysenate.gov/legislation/laws/MDW/309 ↗

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repayment of
all monies advanced to the receiver by the department of real estate to
cover the costs incurred by the receiver and interest thereon; and then,
if there be a surplus, to unpaid taxes, assessments, water rents, sewer
rents and penalties and interest thereon, and then to sums due to
mortgagees or lienors. If the income of the property shall be
insufficient to cover the cost of remedying or removing such nuisance,
or to making of such other improvements as aforestated, or of the
expenses reasonably necessary to the proper operation and management of
the property and other necessary expenses of the receiver, the
department of real estate shall advance to the receiver any sums
required to cover such cost and expenses and thereupon shall have a lien
against the property having the priority provided in paragraph e for any
such sums so advanced with interest thereon.