The Following are a List of New York Exemptions: ASSET | EXEMPTION DESCRIPTION | LAW SECTION | Homestead | Equity in Real property including co-op, condo or mobile home, to $150,000. Husband & wife may double this to $300,000 in equity. | 5206(a) | Personal Property | Bible; schoolbooks; books to $500; pictures; clothing; church pew or seat; stoves with fuel to last 60 days; sewing machine; domestic animal with food to last 60 days $1,000; food to last 60 days; furniture; refrigerator; TV; radio; wedding ring; watch $1,000; crockery, cooking utensils and tableware needed, to $10,000 total (with farm machinery, etc.) Burial plot, without structure to ¼ acre Cash, the lesser of either $2500 in lieu of homestead Health aids, including animals with food Lost earnings recoveries needed for support Motor vehicle to $4000 Personal injury recoveries to $7500 (not to include pain and suffering) Security deposits to landlord, utility company Trust fund principal, to 90% of income Wrongful death recoveries for person you depended on, needed for support | 5205(1)-(6), Debtor & Creditor 283(1) 5206(f) Debtor & Creditor 283(2) 5205(h) Debtor & Creditor 282(3)(iv) Debtor & Creditor 282(1) Debtor & Creditor 282(3)(iii) 5205(g) 5205(c), (d) Debtor & Creditor 282(3)(ii) | Insurance | Annuity contract benefits due or prospectively due the debtor, who paid for the contract; if purchased within 6 months prior & not tax-deferred, only $5000 Disability or illness benefits to $400 per month Life insurance proceeds left at death with the insurance company pursuant to agreement, if clause prohibits proceeds from being used to pay beneficiarys’ creditors Life insurance proceeds and avails if the person effecting the policy is the spouse of the insured | Insurance 3212(d), Debtor & Creditor 283(1) Insurance 3212(c) Estates, Powers & Trusts7-1.5(a)(2) Insurance 321(b)(2) | Miscellaneous | Alimony, child support needed for support Property of business partnership | Debtor & Creditor 282(2)(d) Partnership 51 | Pensions | ERISA-qualified benefits needed for support, includes IRAs IRAs needed for support Keoghs needed for support Public retirement benefits State employees Village police officers | Debtor & Creditor 282(2)(e), 5205(c) Debtor & Creditor 282(2)(e), 5205(c) Debtor & Creditor 282(2)(e), 5205(c) Insurance 4607 Retirement & Social Security 110 Unconsolidated 5711-o | Public Benefits | Aid to blind, aged, disabled, AFDC Crime victims’ compensation Home relief, local public assistance Social security Unemployment compensation Veterans’ benefits Workers’ compensation | Debtor &Creditor 282(2)(c) Debtor & Creditor 282(3)(i) Debtor & Creditor 282(2)(a) Debtor & Creditor 282(2)(a) Debtor & Creditor 282(2)(a) Debtor & Creditor 282(2)(b) Debtor & Creditor 282(2)(c) | Tools of Trade | Farm machinery, team, food for 60 days, professional furniture, books & tools of trade $3,000 total Uniforms, medal, equipments,. Emblem, horse, arms and sword of military member | 5205(b) 5205(e) | Wages | 90% of earnings from milk sales to milk dealers 90% of earned but unpaid wages received within 60 days prior (100% for a few militia members) | 5205(f) 5205(d), (e) |
Federal Exemptions May Also be Chosen instead. |