N.Y. DCD Law § 271

§ 271. Insolvency. 1. A person is insolvent when the present fair\nsalable value of his assets is less than the amount that will be\nrequired to pay his probable liability on his existing debts as they\nbecome absolute and matured.\n 2. In determining whether a partnership is insolvent there shall be\nadded to the partnership property the present fair salable value of the\nseparate assets of each general partner in excess of the amount probably\nsufficient to meet the claims of his separate creditors, and also the\namount of any unpaid subscription to the partnership of each limited\npartner, provided the present fair salable value of the assets of such\nlimited partner is probably sufficient to pay his debts, including such\nunpaid subscription.\n