New York Laws
Title 1 - Money Deposited as Security to Be Held in Trust in Certain Cases
7-107 - Liability of a Grantee or Assignee for Deposits Made by Tenants Upon Conveyance of Rent Stabilized Dwelling Units.

(b) The liability of a receiver for payment of any security deposit
plus accrued interest pursuant to this subdivision shall be limited to
the amount of such deposit actually turned over to him or it pursuant to
subdivision one of section 7-105 of this chapter and to the operating
income in excess of expenses generated during his or its period of
receivership.
3. Any agreement by a lessee or tenant of a dwelling unit waiving or
modifying his rights as set forth in this section shall be void.

Structure New York Laws