N.Y. Real Property Actions & Proceedings Law § 961

§ 961. Disposition of proceeds of sale. The proceeds of a sale, after\ndeducting the costs and expenses chargeable against them shall be\nimmediately awarded as directed by the final judgment, to the parties\nwhose rights and interests have been sold, in proportion thereto. The\nsum chargeable upon any share to satisfy a lien thereon shall be paid to\nthe creditor, or retained, subject to the order of the court; and the\nremainder except as otherwise prescribed in this article, shall be paid\nby the officer making the sale, to the party owning the share or his\nlegal representatives or into court for his use. The proceedings to\nascertain and settle the liens upon an undivided share shall not affect\nany other party to the action or delay the paying over or investing of\nmoney to or for the benefit of any other party upon whose share or\ninterest in the property there does not appear to be any existing lien.\n