N.Y. Debtor & Creditor Law § 194-a

§ 194-a. Provision for contingent or unliquidated liabilities. If, at\nthe time any dividend is made, there shall be a contingent or\nunliquidated claim against the debtor or an outstanding bond,\nrecognizance or undertaking upon which the debtor shall have been\nprincipal, surety or indemnitor, the trustees must retain in their hands\nfor such period or periods as the court having jurisdiction of the\nmatter may by order direct a sum of money sufficient to pay a due or\nequal proportion of said dividend upon such contingent or unliquidated\nclaim or liability if and when the same shall be established and\nliquidated.\n