{"jurisdiction": "us-ny", "code": "cplr", "section": "5048", "citation": "CPLR § 5048", "heading": "Assignment of periodic installments", "text": ["§ 5048. Assignment of periodic installments. An assignment of or an agreement to assign any right to periodic installments for future damages contained in a judgment entered under this article is enforceable only as to amounts: (a) to secure payment of alimony, maintenance, or child support; (b) for the cost of products, services, or accommodations provided or to be provided by the assignee for medical, dental or other health care; or (c) for attorney's fees and other expenses of litigation incurred in securing the judgment."], "official_source": "https://www.nysenate.gov/legislation/laws/CVP/5048", "from_official_api": true, "plain_english": "An assignment (or agreement to assign) the right to future periodic payments is **enforceable only** for amounts: **(a)** to secure **alimony/maintenance/child support**; **(b)** for the cost of **medical/dental/health-care** products, services, or accommodations from the assignee; or **(c)** for **attorney's fees and litigation expenses** in securing the judgment. ★ (Everything else — you can't sell your payment stream.)", "retrieved": "2026-09-27", "url": "https://elyphived.com/us-ny/cplr/5048", "publisher": "Elyphived LLC"}