New York Laws
Part 5 - Allocation of Disbursements During Administration of Trust
11-A-5.1 - Disbursements From Income

(1) one-third of the regular compensation of any person providing
investment advisory or custodial services to the trustee;
(2) if the court shall find that any judicial proceeding primarily
concerns income and that it is equitable to charge the expense of such
proceeding, or a part thereof, to income, the court may direct that all
or a specified part of the expense of such proceeding, including
attorney's fees, shall be charged to income;
(3) all of the other ordinary expenses incurred in connection with the
administration, management, or preservation of trust property and the
distribution of income, including interest, ordinary repairs, regularly
recurring taxes assessed against principal; and
(4) recurring premiums on insurance covering the loss of a principal
asset or the loss of income from or use of the asset.

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