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McKinney's Debtor and Creditor Law § 282 Page 1Effective:[See Text Amendments]Mckinney's Consolidated Laws of New York Annotated CurrentnessDebtor and Creditor Law (Refs & Annos)Chapter 12. Of the Consolidated Laws (Refs & Annos)Article 10-A. Personal Bankruptcy Exemptions (Refs & Annos)§ 282. Permissible exemptions in bankruptcyUnder section five hundred twenty-two of title eleven of the United States Code, [FN1] entitled “Bankruptcy”, anindividual debtor domiciled in this state may exempt from the property of the estate, to the extent permitted by subsection(b) thereof, only (i) personal and real property exempt from application to the satisfaction of money judgmentsunder sections fifty-two hundred five and fifty-two hundred six of the civil practice law and rules, (ii) insurancepolicies and annuity contracts and the proceeds and avails thereof as provided in section three thousand twohundred twelve of the insurance law and (iii) the following property:1. Bankruptcy exemption of a motor vehicle. One motor vehicle not exceeding twenty-four hundred dollars in valueabove liens and encumbrances of the debtor.2. Bankruptcy exemption for right to receive benefits. The debtor's right to receive or the debtor's interest in: (a) asocial security benefit, unemployment compensation or a local public assistance benefit; (b) a veterans' benefit; (c) adisability, illness, or unemployment benefit; (d) alimony, support, or separate maintenance, to the extent reasonablynecessary for the support of the debtor and any dependent of the debtor; and (e) all payments under a stock bonus,pension, profit sharing, or similar plan or contract on account of illness, disability, death, age, or length of serviceunless (i) such plan or contract, except those qualified under section 401, 408 or 408A of the United States InternalRevenue Code of 1986, [FN2] as amended, was established by the debtor or under the auspices of an insider thatemployed the debtor at the time the debtor's rights under such plan or contract arose, (ii) such plan is on account ofage or length of service, and (iii) such plan or contract does not qualify under section four hundred one (a), fourhundred three (a), four hundred three (b), four hundred eight, four hundred eight A, four hundred nine or four hundredfifty-seven of the Internal Revenue Code of nineteen hundred eighty-six, [FN3] as amended.3. Bankruptcy exemption for right to receive certain property. The debtor's right to receive, or property that is traceableto: (i) an award under a crime victim's reparation law; (ii) a payment on account of the wrongful death of anindividual of whom the debtor was a dependent to the extent reasonably necessary for the support of the debtor andany dependent of the debtor; (iii) a payment, not to exceed seventy-five hundred dollars on account of personal bodilyinjury, not including pain and suffering or compensation for actual pecuniary loss, of the debtor or an individualof whom the debtor is a dependent; and (iv) a payment in compensation of loss of future earnings of the debtor or anindividual of whom the debtor is or was a dependent, to the extent reasonably necessary for the support of the debtorand any dependent of the debtor.CREDIT(S)(Added L.1982, c. 540, § 1, amended L.1984, c. 805, § 15; L.1989, c. 280, § 4; L.1995, c. 93, § 4; L.1998, c. 206, §3, eff. July 7, 1998, deemed eff. Jan. 1, 1998.)© 2009 Thomson Reuters. No Claim to Orig. US Gov. Works.