N.Y. Est. Powers & Trusts Law § 11-a-5.1

§ 11-A-5.1 Disbursements from income\n A trustee shall make the following disbursements from income to the\nextent that they are not disbursements to which subparagraph 11-A-2.1\n(2)(B) or (C) applies:\n (1) one-third of the regular compensation of any person providing\ninvestment advisory or custodial services to the trustee;\n (2) if the court shall find that any judicial proceeding primarily\nconcerns income and that it is equitable to charge the expense of such\nproceeding, or a part thereof, to income, the court may direct that all\nor a specified part of the expense of such proceeding, including\nattorney's fees, shall be charged to income;\n (3) all of the other ordinary expenses incurred in connection with the\nadministration, management, or preservation of trust property and the\ndistribution of income, including interest, ordinary repairs, regularly\nrecurring taxes assessed against principal; and\n (4) recurring premiums on insurance covering the loss of a principal\nasset or the loss of income from or use of the asset.\n