The preceding section does not affect the liability of a person to whom money or other property has been delivered as distributee or legatee to respond to the person lawfully entitled thereto, where letters are revoked because a supposed decedent is living or because a will is discovered after administration has been granted, in a case of supposed intestacy or a prior will is revoked upon which letters were granted.
N.Y. Surr. Ct. Proc. Act Law § 721