Arrow Iron Works, Inc., Respondent v. Harry B. Greene, Doing Business Under the Name of H. B. Greene Contracting…

Summary

The New York Court of Appeals affirmed the lower court's judgment, modifying the distribution of funds owed on a public improvement contract. It held that the surety is entitled to the unearned moneys, that an assignee of contract moneys has priority over later‑filed lienors, that costs of a lien foreclosure may be paid only from the deposit, and that the Yorktown Bank's assignment was valid because it was filed within the statutory ten‑day period.