ยง 131. Assignment; effect thereof. The assignment must be acknowledged
  or proved, and certified, in like manner as a deed to be recorded in the
  county,  and  must be recorded in the clerk's office of the county where
  the petitioner is imprisoned. Where it appears,  from  the  schedule  or
  otherwise,  that  real  property  will pass thereby, the assignment must
  also be recorded as a deed, in the proper office for recording deeds, of
  each county where the real property is situated. The assignment vests in
  the trustee or trustees, for the benefit of the  judgment  creditors  in
  the executions, by virtue of which the petitioner is imprisoned, all the
  estate,  right,  title,  and  interest  of  the petitioner in and to the
  property, so directed to be assigned.
Structure New York Laws
Article 5 - Judgment Debtor's Discharge From Imprisonment
121 - To What Court Application to Be Made.
122 - When Petition May Be Presented.
123 - Contents of Petition; Schedule.
124 - Affidavit of Petitioner.
126 - Notice to Creditors; When Service Cannot Be Made.
127 - Notice to Creditors; When State a Creditor.
128 - Proceedings on Presentation of Petition.
130 - Proceedings on Adjourned Day.
131 - Assignment; Effect Thereof.
132 - Discharge; When to Be Granted.
133 - Petitioner's Property Still Liable.
134 - When Creditor May Issue New Execution Against Person.
135 - Powers and Duties of Trustee.
136 - Creditor May Notify Debtor to Apply for Discharge.
137 - Effect of Failure So to Apply.
138 - Debtors to State or United States Not to Be Discharged.