New York Laws
Article 4-A - Trust Indentures and Interests Therein
130-D - Fees and Allowances.

§ 130-d. Fees and allowances. In the event of a default in a trust
indenture necessitating the sequestration of the rents and income of the
property covered thereby and where the trustee or committee or other
person or persons representing the bondholders is or are lawfully in
possession of the property and they or their attorneys, if any, shall
have rendered services in connection with the property at any time after
default, no fees or allowances shall be paid for such services unless
and until affidavits showing the value thereof have been presented to
the court or a justice thereof and such court or justice has approved
the same and such fees and allowances, if approved, shall be paid in
such manner and at such times as the court or justice shall direct.

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