N.Y. ABP Law § 1319

§ 1319. Unclaimed virtual currency. 1. Any virtual currency held or\nowing by any banking organization, corporation or other entity engaged\nin virtual currency business activity which shall have remained\nunclaimed by the person entitled thereto for a period of five years\nshall be deemed abandoned property if:\n (a) the last known address of the person entitled to such virtual\ncurrency as shown on the books and records of the entity engaging in the\nvirtual currency business activity is located in the state; or\n (b) the last known address of the person entitled to such virtual\ncurrency is not shown on the books and records of the entity engaging in\nthe virtual currency business activity and the entity is incorporated in\nthis state.\n 2. (a) Any virtual currency held or owing by a banking organization, a\ncorporation or other entity engaged in virtual currency business deemed\nabandoned under this section as of the thirtieth day of the preceding\nJune shall be paid or delivered to the comptroller on or before the\ntenth day of the next succeeding November.\n (b) Payment or delivery shall be accompanied by a true and accurate\nreport setting forth information relating to such abandoned property as\nthe comptroller may require.\n 3. Virtual currency reported to the comptroller pursuant to this\nsection shall be sold on any established exchange, or by such other\nmeans as the comptroller shall deem advisable, as soon as the\ncomptroller in his or her discretion deems practicable.\n 4. The proceeds of the sale of virtual currency, less all costs\nincurred in connection with such sale, shall be deposited by the\ncomptroller in the abandoned property fund and any claimant to such\nvirtual currency shall be entitled only to the proceeds of the sale of\nsuch virtual currency by the comptroller.\n