New York Laws
Article 6 - Savings Banks
239 - Repayment of Deposits of Minors, Trust Deposits, Joint Deposits, and Deposits Adversely Claimed; Interpleader in Certain Actions; Statute of Limitatio

(b) The funds on deposit which are the subject of such an action may
remain with such savings bank to the credit of the action until final
judgment therein, and be entitled to the same interest as other deposits
of the same class, or, in the case of deposits held pursuant to
subdivision one-a of section two hundred thirty-four of this chapter, to
interest at the rate specified in the deposit contract until maturity
and at the rate at which interest is credited on regular savings
accounts from maturity until final judgment, and shall be paid by such
savings bank in accordance with the final judgment of the courts; or the
deposit in controversy may be paid into court to await the final
determination of the action, and when the deposit is so paid into court
such savings bank shall be struck out as a party to the action, and its
liability for such deposit shall cease.
(c) The costs in all actions against a savings bank to recover
deposits shall be in the discretion of the court, and may be charged
upon the fund affected by the action.

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