2006 New York Code - Payment Of Proceeds To Owner Of Particular Or Future Estate.

 
    §  967. Payment of proceeds to owner of particular or future estate. A
  party who has a right of dower, or is a tenant for life or for years, in
  or of an undivided share of the property sold, or has an inchoate  right
  of  dower  or any other future right or estate, vested or contingent, or
  any person not in being who by any contingency may  become  entitled  to
  any  interest  or  estate  in  the  property sold, is entitled to have a
  proportion of the proceeds of the sale invested, secured or  paid  over,
  in  such  manner as the court deems calculated to protect the rights and
  interests of the parties.