2006 New York Code - Effect Of Redemption Upon Lease.

 
    §  765.  Effect of redemption upon lease.  Where a redemption is made,
  as prescribed in this article, the rights of the  person  redeeming  are
  subject to a lease, if any, executed by the petitioner since the warrant
  was  issued,  so  far that the new lessee, his assigns, undertenants, or
  other representatives, upon complying with the terms of the  lease,  may
  hold the premises so leased until twelve o'clock, noon, of the first day
  of  May  next  succeeding the redemption. And in all other respects, the
  person so redeeming, his assigns and representatives succeed to all  the
  rights and liabilities of the petitioner under such a lease.