Central State Bank v. State

In this motion claimant seeks summary judgment against the State of New York.

Claimant entered into a security agreement with City Wide Transportation Co. (City Wide) on August 19,1968 for the purpose of securing a loan. Pursuant to the agreement, and in consideration of the loan, City Wide assigned “ all accounts and contract rights, now existing or hereafter arising” to claimant.

Subsequently, in June, 1970, City Wide entered into an agreement with the New York State Park Commission wherein they agreed to provide bus transportation from various points in Brooklyn and Manhattan to ¡several…