2010 New York Code
EPT - Estates, Powers & Trusts
Article 9 - PERPETUITIES AND ACCUMULATIONS
Part 1 - (9-1.1 - 9-1.8) PERPETUITIES
9-1.6 - Trust for employees

§ 9-1.6 Trust for employees
    A  trust  created  by  an employer, as part of a stock bonus, pension,
  disability or death benefit or profit-sharing plan,  for  the  exclusive
  benefit of some or all of his employees, to which contributions are made
  by  such employer or employees, or both, for the purpose of distributing
  to such employees the income or principal, or both, of the fund so  held
  in trust, is not invalid as violating the rule against perpetuities; but
  such  trust may continue for such time as may be necessary to accomplish
  the purposes for which it is created.