Local Finance Law § 85.70 · Title 6-A. Local Obligations: Financial Emergency; Condition Precedent to Claims; Stay of Claims; Repayment Plan For Municipality; Termination of Stay
Notice to creditors
Text — Law content up to date as of September 4, 2026, as published by the New York State Senate (Open Legislation)
§ 85.70 Notice to creditors. Upon the filing of a petition pursuant to section 85.30 of this title, or of a repayment plan or amendment or modification thereof pursuant to section 85.40 or 85.60 of this title, or upon the application for, or the entry of, any order extending, vacating or modifying a stay pursuant to this title, prompt and appropriate notice thereof and of any hearing in connection therewith shall be given, at the expense of the municipality, to all creditors of the municipality affected thereby in such form and manner, including by mail or publication or both, as the court may find to be practicable and appropriate in the circumstances. Notice of any other event or proceeding shall be given as the court may direct, to such persons, in such form and manner and with such provision for the payment of the expenses thereof as the court may find to be practicable and appropriate in the circumstances.
Source of truth
- Edition
- Law content up to date as of September 4, 2026, as published by the New York State Senate (Open Legislation)
- Official file
- https://legislation.nysenate.gov/pdf/laws/LFN85.70
- Text hash
- sha256 e62afffd6a9b9f00b3a2cdc851bcb2fccbc60f6f7bf1e560e1bcb8b786e64852
- Composed by
- gen_ny_statutes.py 2026-11-10: the Senate's Open Legislation law tree (GET /api/3/laws/<ID>?full=true) read in document order; the Senate's PDF of the whole law (GET /pdf/laws/<ID>?full=true), read with PDFium, prints the same words in the same order
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.