N.Y. Surr. Ct. Proc. Act § 1305

§ 1305. Discharge of debtor, transfer agent, safe deposit company, bank,\n trust company or other person\n The delivery by a voluntary administrator to a debtor, transfer agent,\nsafe deposit company, bank, trust company or other person holding or\nhaving custody or possession or control of any personal property of the\ndecedent, of the short form certificate of the court, the receipt of the\nadministrator, and the surrender of any evidentiary document, shall\nconstitute a complete release and discharge for any payment of money or\ndelivery of personal property made pursuant to the certificate, without\nsuch person being required to see to the application thereof and with\nthe same effect as if made to any duly appointed fiduciary.\n