New York Laws
Article 7 - Motor Vehicle Safety Responsibility Act
333 - Payments Sufficient to Satisfy Requirements of This Article.

(b) When subject to such limit of twenty-five thousand dollars because
of bodily injury to or fifty thousand dollars because of death of one
person, the sum of fifty thousand dollars has been credited upon any
judgment or judgments rendered in excess of that amount because of
bodily injury to or when one hundred thousand dollars has been credited
upon any judgment or judgments rendered in excess of that amount because
of death of two or more persons as the result of any one accident; or
(c) When ten thousand dollars has been credited upon any judgment or
judgments rendered in excess of that amount because of injury to or
destruction of property of others as a result of any one accident.
Payments made in settlement of any claims because of bodily injury,
death or property damage arising from a motor vehicle accident shall be
credited in reduction of the amounts provided for in this section.

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