New York Estates, Powers & Trusts Law Section 7-5.8

7-5.8 Application
This  part  shall  apply to all funds in trust accounts, as defined in
  paragraph (d) of section 7-5.1, which are in existence on its  effective
  date,  except  that its provisions shall not impair or defeat any rights
  which have accrued prior to such date.

Last modified: February 3, 2019