(a) A custodian may deliver or pay to the minor or expend for the
minor's benefit so much of the custodial property as the custodian
considers advisable for the use and benefit of the minor, without court
order and without regard to (1) the duty or ability of the custodian
personally or of any other person to support the minor, or (2) any other
income or property of the minor which may be applicable or available for
the support of the minor.
(b) On petition of an interested person or the minor if the minor has
attained the age of fourteen years, the court may order the custodian to
deliver or pay to the minor or expend for the minor's benefit so much of
the custodial property as the court considers advisable for the use and
benefit of the minor.
(c) A delivery, payment, or expenditure under this section is in
addition to, not in substitution for, and does not affect any obligation
of a person to support the minor.
Structure New York Laws
EPT - Estates, Powers and Trusts
Part 6 - Uniform Transfers to Minors Act
7-6.2 - Scope and Jurisdiction
7-6.3 - Nomination of Custodian
7-6.4 - Transfer by Gift or Exercise of Power of Appointment
7-6.5 - Transfer Authorized by Will or Trust
7-6.6 - Other Transfer by Fiduciary
7-6.8 - Receipt for Custodial Property
7-6.11 - Validity and Effect of Transfer
7-6.12 - Care of Custodial Property
7-6.14 - Use of Custodial Property
7-6.15 - Custodian's Expenses, Compensation, and Bond
7-6.16 - Exemption of Third Person From Liability
7-6.17 - Liability to Third Persons
7-6.19 - Accounting by and Determination of Liability of Custodian
7-6.20 - Termination of Custodianship
7-6.21 - Age Eighteen Election
7-6.22 - Effect on Existing Custodianships