New York Estates, Powers & Trusts Law Section 7-5.7 - Multiple beneficiaries.

7-5.7 Multiple beneficiaries
(a)  Whenever  any  proceeds of a trust account would pass pursuant to
  section 7-5.2 to two or more beneficiaries, such proceeds shall pass  to
  such  beneficiaries  in equal proportions, unless the terms of the trust
  provide otherwise.
(b) Whenever any proceeds of a trust account would  pass  pursuant  to
  section  7-5.2  to  two  or  more  beneficiaries, and one or more of the
  beneficiaries predeceases the depositor, such proceeds shall pass to the
  surviving beneficiary or beneficiaries in equal proportions, unless  the
  terms of the trust provide otherwise.

Last modified: February 3, 2019