890 F. Supp. at 329. We do not agree with the district court's conclusion that HSBC's set-off right and appellees' Rule B attachments do not conflict. First, we see nothing in Aspen or the statutory language of Section 151 to indicate that Section 151's set-off right was intended to have priority only over enforcement devices provided by New York law. Second, we disagree with the district court regarding the thrust of Sterling . The issue presented by this case is whether Section 151 invests a garnishee with a lien senior to a Rule B attachment.
Sterling is, therefore, inapplicable.
We must, therefore, decide whether such a result is preempted by federal law. We conclude that it is. In our view, Section 151 does both. 2071 et seq . Rule B is simply an extension of this ancient practice.