2016 New York Laws
STF - State Finance
Article 12 - (State Finance) COURT FUNDS
182 - Deposit and investment of money paid into court.

  182.  Deposit and investment of money paid into court. All funds or
  moneys paid into court shall be deposited in such  savings  bank,  trust
  company,  bank,  banking  association  or  with such banker, as shall be
  designated by  the  state  comptroller,  as  soon  as  received  by  the
  custodian  thereof.  But the money must be deposited in the county where
  the fund belongs, where it can be done conveniently and safely and  with
  advantage  to  the parties interested. All moneys so paid into court may
  be invested by the several county treasurers and in the city of New York
  by the commissioner of finance without a specific direction of the court
  having jurisdiction,  in  securities  that  are  legal  investments  for
  trustees,  when  the  said  county treasurers or commissioner of finance
  deem it for the best interests of the funds to  make  such  investments.
  All  moneys  paid into a court of the unified court system, other than a
  town or village court, pursuant to the provisions  of  title  P  of  the
  criminal  procedure  law,  which  remain  in the court's custody, shall,
  during such custody, be deposited in an  interest-bearing  account,  and
  all  interest thereupon received shall be paid to the state commissioner
  of taxation and finance on a monthly basis no later than ten days  after
  the last day of each month.