New York Laws
Part 7 - Rights of Creditors in Appointive Property
10-7.4 - Creditors of the Donee; General Power Not Presently Exercisable

(a) Property covered by a general power of appointment which, when
created, is not presently exercisable is subject to the payment of the
claims of creditors of the donee, his estate and the expenses of
administering his estate, only:
(1) If the power was created by the donee in favor of himself; or
(2) If a postponed power becomes exercisable in accordance with the
terms of the creating instrument, except in the case of a testamentary
general power.

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