N.Y. Debtor & Creditor Law § 175

§ 175. Effect of answers on examination. The person so examined, and\nanswering to the satisfaction of the court, shall not be liable to any\npenalty imposed for concealing and not delivering any property, or\npaying any debt; but his answers on such examination, may be given in\nevidence in the same manner, and with the like effect, as if he had been\nexamined by such trustees in an action brought by them against him for\nthe recovery of such property or debt.\n