Section 1223. Alternative to escheat

  If it appears from the records of the
  United States that the rightful owner of any property subject to escheat
  under  this  article  has not made claim thereto for seven years and the
  attorney general does not deem it  advisable  to  institute  an  escheat
  proceeding with respect thereto, or has instituted such a proceeding but
  has  not obtained a judgment of escheat therein, such unclaimed property
  may be deemed abandoned property and shall be paid or delivered  to  the
  state  comptroller  for disposition in accordance with the provisions of
  this chapter and the provisions of  section  ninety-five  of  the  state
  finance law.