(a) as a portion of a purchase price for real property pursuant to a
contract of sale; or
(b) to satisfy the tax or other lawful obligations arising out of an
administrative or judicial proceeding concerning the person who provided
the escrow funds.
Structure New York Laws
Part 4 - Administrative Provisions
Title X - Organized Crime Control Act
Article 470 - Money Laundering
470.03 - Money Laundering: Aggregation of Value; Other Matters.
470.05 - Money Laundering in the Fourth Degree.
470.10 - Money Laundering in the Third Degree.
470.15 - Money Laundering in the Second Degree.
470.20 - Money Laundering in the First Degree.
470.21 - Money Laundering in Support of Terrorism in the Fourth Degree.
470.22 - Money Laundering in Support of Terrorism in the Third Degree.
470.23 - Money Laundering in Support of Terrorism in the Second Degree.
470.24 - Money Laundering in Support of Terrorism in the First Degree.