City of New York v. Bedford Bar & Grill, Inc.

The assignment here made to the bank embraced “ all monies due or which may become due [to the assignor] from the State Liquor Authority or the Comptroller of the State of New York * * * in the event that' a license is not granted * * * or in the event of the surrender * * * cancellation or other release, of the license fee granted to the” assignor. Notwithstanding the several decisions of the Appellate Division cited in the prevailing opinion, we upheld, in Matter of Capitol Distrs. Corp. v. 2131 Eighth Ave. (1 N Y 2d 842), a determination that the assignee, in a situation virtually…