2012 New York Consolidated Laws
PBG - Public Housing
Article 7 - (119 - 128) ACQUISITION OF PROPERTY
128 - Filing of instruments assigning or pledging awards.

 
    §  128.  Filing  of  instruments assigning or pledging awards.  In the
  case of the pledge, sale, transfer or assignment  of  an  award  by  the
  person entitled to receive the same by virtue of the final decree of the
  court  in a condemnation proceeding, or by other order of the court, the
  instrument  evidencing  such  pledge,  sale,  transfer  or   assignment,
  acknowledged or proved as instruments are required to be acknowledged or
  proved  for  the recording of instruments affecting real property, shall
  be filed in the office of the secretary  of  the  authority,  who  shall
  endorse  on such instrument its number and the hour, day, month and year
  of its receipt. If such final decree or other order was obtained by  the
  municipality  on  behalf  of  or  for  the  benefit  of the authority, a
  duplicate original of such instrument must also be filed  in  accordance
  with  the  provisions of any general, special or local law applicable to
  awards payable by such municipality. If an assignment of an award  shall
  be   contained  in  an  instrument  recorded  in  the  office  in  which
  instruments affecting real property are by law required to be  recorded,
  a  certified copy thereof may be filed in the office of the secretary of
  the authority in place of the original. An alphabetical index  shall  be
  kept  under  the  name  of the pledgor or assignor and of the pledgee or
  assignee, stating the title of the proceeding, the time of the filing of
  the instrument, the file number thereof, and what part of the  award  is
  assigned  thereby.  A  memorandum  of  the file number of the instrument
  shall be made by the secretary of the authority on the duplicate  decree
  of a court, opposite the place where the amount of the award so assigned
  is  set  forth.  Every  such  instrument  not  so filed shall be void as
  against any subsequent pledgee or assignee  in  good  faith  and  for  a
  valuable  consideration  from  the  same pledgor or assignor, his heirs,
  administrators or assigns, of the same award or any portion thereof, the
  assignment of which is first duly filed in the office of  the  secretary
  of  the  authority.  Payment  to  the  assignee  or  pledgee shown to be
  entitled to the award by such record in the office of the  secretary  of
  the  authority  shall  protect the authority from liability to any other
  person or persons.