N.Y. Debtor & Creditor Law § 163

§ 163. Death of trustee; survivor or successor. The survivor or\nsurvivors of any trustee, shall have all the powers and rights given by\nthis chapter to trustees. All property in the hands of any trustee at\nthe time of his death, removal or incapacity, shall be delivered to the\nremaining trustee or trustees, if there be any; or to the successor of\nthe one so dying, removed or incapacitated; who may demand and sue for\nthe same.\n