N.Y. DCD Law § 252

§ 252. Payment by committee or conservator of claims. A committee of\nthe property of a person, incompetent by reason of mental illness,\nmental retardation or alcohol abuse, to manage his affairs, or a\nconservator of the property of a conservatee, may, under direction of\nthe court exercising jurisdiction of such estate, after payment of the\nexpenses, disbursements and commissions of such trust, apply so much of\nthe funds and property of said estate remaining in his hands as such\ncommittee or conservator, as may be necessary to pay and discharge the\nproper claims of creditors who have presented claims pursuant to the\nnotice in this article provided for, to the payment of such claims, and\nif the property so remaining be insufficient to pay such claims in full,\nthen the committee or conservator may distribute the same according to\nlaw among the creditors who have presented and proved their claims as in\nthis article provided, and such payment, when so made in good faith and\nunder direction of such court, shall relieve such committee or\nconservator and his sureties from liability to creditors who have failed\nto present their claims as in this article provided.\n