N.Y. Local Fin. Law § 85.90
If any repayment plan or amendment or modification thereof proposed pursuant to this title is disapproved, or if any stay is vacated or modified or an extension thereof is denied, or if any other order pursuant to this title is entered by the court which is adverse to the municipality or its financial emergency control board, the municipality or its financial emergency control board shall have a direct appeal as of right to the appellate division in the judicial department in which the court is located and, thereafter, if necessary, to the court of appeals of this state, and such appeal shall have preference over all causes in all courts. Service upon the adverse party of a notice of appeal shall stay the effect of the judgment or order appealed from, and shall stay all actions, special proceedings or other acts within the scope of section 85.30 of this title, pending the hearing and determination of the appeals.
N.Y. Local Fin. Law § 85.90