N.Y. Lien Law Section 55
Offer to pay money into court, or to deposit securities, in discharge of the lien

At any time after an action is brought under the provision of this article, the owner may make and file with the clerk with whom the notice of lien is filed, if in a court of record, and if in a court not of record, with the court, an offer to pay into court the sum of money stated therein, or to execute and deposit securities which he may describe, in discharge of the lien, and serve upon the plaintiff a copy of such offer. If a written acceptance of the offer is filed with such clerk, or court, within ten days after its service, and a copy of the acceptance is served upon the party making the offer, the court, upon proof of such offer and acceptance, may make an order, that on depositing with such clerk, or court, the sum so offered, or the securities described, the lien shall be discharged, and that the money or securities deposited shall take the place of the property upon which the lien existed, and shall be subject to the lien. If the offer is of money only, the court, on application and notice to the plaintiff may make such order, without the acceptance of the offer by the plaintiff. If such action is brought in a court not of record, such order may be made by the county court of the county where such action is brought upon notice, and upon filing such order and depositing such sum of money or securities with the county clerk of such county, he shall forthwith discharge said notice of lien, by writing upon the margin of the record thereof, the words “discharged by payment.” Money or securities deposited upon the acceptance of an offer pursuant to this section shall be held by the clerk or the court until the final determination of the action, including an appeal.

Source: Section 55 — Offer to pay money into court, or to deposit securities, in discharge of the lien, https://www.nysenate.gov/legislation/laws/LIE/55 (updated Sep. 22, 2014; accessed Apr. 20, 2024).

40
Construction of article 41
Enforcement of mechanic’s lien on real property 42
Enforcement of a lien under contract for a public improvement 43
Action in a court of record 44
Parties to an action in a court of record 44‑A
Foreclosure of mortgage 44‑B
Necessary parties 45
Equities of lienors to be determined 46
Action in a court not of record 47
How summons served, when personal service cannot be made 48
Proceedings on return of summons 49
Issue, how tried 50
Execution 51
Appeals from judgments in courts not of record 52
Transcrips of judgments in courts not of record 53
Costs and disbursements 54
Judgment in case of failure to establish lien 55
Offer to pay money into court, or to deposit securities, in discharge of the lien 56
Preference over contractors 57
Judgment may direct delivery of property in lieu of money 58
Judgment for deficiency 59
Vacating of a mechanic’s lien 60
Judgment in action to foreclose lien on account of public improvement 61
Judgment in action to foreclose a mechanic’s lien on property of a railroad corporation 62
Bringing in new parties 63
Service of answer on state or public corporation 64
Award of personal judgment by court or referee 65
Arrears/past due support

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N.Y. Lien Law Section 55 Offer to pay money into court, or to deposit securities, in discharge of the lien

N.Y. Lien Law Section 55
Offer to pay money into court, or to deposit securities, in discharge of the lien