(a) the amount collectible in any month shall not exceed ten per
centum of the assignor's future earnings payable in such month;
(b) if at the time of the filing with the employer (1) any other
assignment of future earnings is subject to payment, or (2) any
garnishment against such earnings or order against the assignor for
installment payments to a judgment creditor, is in force, no amount
shall be collectible while such other assignment is subject to payment
or such garnishment or order is in force;
(c) no portion of future earnings shall be withheld from the assignor
or paid to satisfy such assignment in whole or in part while any portion
of the indebtedness secured by any valid assignment securing or relating
to an indebtedness aggregating less than one thousand dollars,
previously filed with the employer in accordance with this section,
shall remain unpaid.
3. No portion of future earnings shall be withheld from the assignor
or paid to satisfy in whole or in part any subsequent garnishment while
any portion of the indebtedness secured by any valid assignment securing
or relating to an indebtedness aggregating less than one thousand
dollars filed with the employer in accordance with this section shall
remain unpaid, but nothing contained herein shall exempt the earnings of
a judgment debtor from the application of an order for installment
payments to a judgment creditor.
Structure New York Laws
Article 3-A - Assignment of Earnings
46-B - Assignments of Future Earnings Collectible Only as Prescribed.
46-D - Guarantee of Certain Purchases Secured by Assignment of Earnings.
46-E - Personal Execution of Assignment by Assignor; Delivery of Copies of Papers.
46-F - Limit on Interest and Other Charges.
47 - Public Filing of Assignment Before Filing With Employer.
47-B - Filing, Entering and Indexing.
47-D - Cancellation of Assignment.
47-E - Vacating of an Assignment, by Order of a Court.
48 - Notice to Be Mailed to Assignor Prior to Filing With Employer.
48-B - Amount of Exempt Earnings.
48-C - Assignment of Future Earnings by Person Unemployed; Effect of Loss of Employment.
48-D - Payroll Deductions Not Included.
49 - Certain Provisions Not Applicable to Banks, Trust Companies or Credit Unions.