2010 New York Code
EPT - Estates, Powers & Trusts
Article 11-A - UNIFORM PRINCIPAL AND INCOME ACT
Part 4 - ALLOCATION OF RECEIPTS DURING ADMINISTRATION OF TRUST
Sub Part 1 - (11-A-4.1 - 11-A-4.3) RECEIPTS FROM ENTITIES
11-A-4.2 - Distribution from trust or estate

§ 11-A-4.2 Distribution from trust or estate
    A   trustee   shall  allocate  to  income  an  amount  received  as  a
  distribution of income from a trust or an estate in which the trust  has
  an  interest  other  than  a  purchased  interest, and shall allocate to
  principal an amount received as a distribution of principal from such  a
  trust  or  estate. If a trustee purchases an interest in a trust that is
  an investment entity, or a decedent or donor transfers  an  interest  in
  such  a  trust  to a trustee, 11-A-4.1 or 11-A-4.15 applies to a receipt
  from the trust.