There is a newer version of the New York Consolidated Laws
2006 New York Code - Payment By City As Termination Of Liability.
§ 5-395 Payment by city as termination of liability. Payment of the compensation awarded by the commissioners of appraisal to the persons named in their report (if not infants or persons of unsound mind) shall, in the absence of notice to the city of other claimants to such award, protect the city.
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