New York Laws
Article 2 - Limitations of Time
216 - Abbreviation of Period to One Year After Notice.

(b) Action to recover property. When an action has been commenced to
recover specific personal property, including certificates of stocks,
bonds, notes or other securities or obligations, exceeding fifty dollars
in value, held by the defendant within the state, or to enforce a vested
or contingent interest or lien upon such property, and a person not a
party to the action asserts a claim to the whole or any part of the same
property or to a right, interest or lien upon it which is adverse to the
plaintiff's claim, and the court in which the action is pending has no
jurisdiction over the adverse claimant to direct the issuance of process
or if the same be issued it would be without effect notwithstanding that
the action seeks to have declared, enforced, regulated, defined or
limited, rights, interests or liens upon specific personal property
within the state, the defendant in the action may within twenty days
from the date of service upon him of the complaint or within twenty days
of the date of the receipt by him of the adverse claim, whichever shall
occur later, make a motion before the court for leave to give notice to
the adverse claimant of the pending action in the same manner as
provided in subdivision (a). Upon the granting of such an order, the
provisions of subdivision (a) shall apply insofar as they are compatible
with the subject matter of the action.

Structure New York Laws