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2010 New York Code
DCD - Debtor & Creditor
Article 7 - (160 - 218) TRUSTEES FOR INSOLVENT AND IMPRISONED DEBTORS
192 - Set-off of mutual debts or credits.

§  192.  Set-off  of  mutual debts or credits. Where mutual credit has
  been given by any debtor, except a debtor  proceeding  under  the  fifth
  article  of  this  chapter,  and  any other person, or mutual debts have
  subsisted between such debtor and any other person, the trustees may set
  off such credits or debts, and pay the proportion or receive the balance
  due. But no set-off shall be allowed of any claim or debt,  which  would
  not have been entitled to a dividend as hereinbefore directed.

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