NY Real Prop Actions L § 969 (2021)
2021 New York Laws RPA - Real Property Actions and Proceedings Article 9 - Action for Partition 969 - Shares of Infant, Incompetent or Conservatee.

§  969.  Shares  of  infant, incompetent or conservatee. Where a party   entitled to receive a portion of the proceeds  of  sale  is  an  infant,   incompetent or conservatee, such portion may be disposed of as follows:1.  The  court may direct it to be invested in permanent securities in   the name and for the benefit of the infant, incompetent or  conservatee,   or  it  may  direct  it  to  be paid over to the general guardian of the   infant, committee of the incompetent or conservator of the  conservatee,   when   the  guardian,  committee  conservator  shall  have  executed  an   undertaking to such infant, incompetent or conservatee; or,2. Where  a  general  guardian,  committee  or  conservator  has  been   appointed,  upon  proof  that  it  will  be  for  the  best interest and   advantage of the estate  of  such  infant,  incompetent  or  conservatee   person,  the  court may authorize and direct such guardian, committee or   conservator,  in  the  name  of  such  infant,  incompetent  person   or   conservatee,  to  make  application  for  an  award of a sum in gross as   provided in section 968; or,3. If any of the moneys arising from the proceeds of such  sale  shall   have been paid to the county treasurer, and on due proof that such money   has  remained  uninvested in permanent securities for the space of three   months, the court may  direct  the  same  to  be  paid  to  the  general   guardian,  committee  or  conservator  of  such  infant,  incompetent or   conservatee upon his giving an undertaking for the faithful execution of   his trust; where said sum in hands of county treasurer does  not  exceed   the sum of one thousand dollars the court may direct the same to be paid   in accordance with subdivision five of this section; or,4.  In  the  case  of  an  infant, incompetent or conservatee residing   without the state and having in the state or country  where  he  or  she   resides  a  general  guardian,  committee or conservator, or person duly   appointed under the laws of such state or country to  the  control,  and   entitled  by  the  laws  of such state or country to the custody, of the   money of such  infant,  incompetent  or  conservatee,  the  court,  upon   satisfactory  proof  of  such  facts  and  of  the  sufficiency  of  the   undertaking given by such general guardian, committee or conservator  or   person in such state or country by the certificate of a judge of a court   of  record  of  such state or country, or otherwise, may direct that the   portion of such infant, incompetent or  conservatee  arising  upon  such   sale  shall  be  paid  over  to  such  general  guardian,  committee  or   conservator or person; or,5. If the portion of the proceeds arising upon such sale which belongs   to an infant, incompetent or conservatee residing within or without  the   state  does  not  exceed one thousand dollars, the court may direct that   the same may be paid to  his  father,  or  to  his  mother  or  to  some   competent  person  with  whom  the  infant,  incompetent  or conservatee   resides, or who has some interest  in  his  welfare,  for  the  use  and   benefit of such infant, incompetent or conservatee.