§ 5-12. Sale of unclaimed property.

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The property so delivered to said property clerk and all other property, securities, moneys, things or choses in action that shall remain in his custody for a period of six months without being claimed by any person legally entitled thereto shall be advertised for sale in the official papers of said city, daily for five (5) days, and be sold at public auction at the time and place in said advertisement specified and the proceeds of said sale shall be paid into the police pension fund.

(N.Y. Laws 1905, Ch. 685, § 12)

State law reference

Disposal of lost and found property, Personal Property Law, § 253.

                    
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