N.Y. Abandoned Property Law § 705

§ 705. Unclaimed and undistributed property held by superintendent of\nfinancial services, as liquidator, upon completion of proceeding. 1.\nUpon filing the final report or accounting of the superintendent of\nfinancial services, as liquidator, closing any proceeding commenced\nunder article seventy-four of the insurance law, all unclaimed and\nundistributed dividends and other assets of every nature and description\nwhatsoever, including assets of a special or trust nature, which have\nbeen held by the liquidator for five years or more, and which the\nliquidator has not been specifically directed to hold for a longer\nperiod by supreme court order, shall be deemed abandoned property.\n 2. Any such abandoned property held by the superintendent of financial\nservices, as liquidator, to which the right to receive the same is\nestablished as provided by law, shall cease to be deemed abandoned.\n