Section 4-1.5. Other disqualifications

No  estate  property, whether passing by intestacy or otherwise, which
  has its situs in this state, shall pass to any other state or  territory
  of  the  United  States, or to any foreign country or sovereignty in the
  event of the absence of an  individual  heir,  distributee,  legatee  or
  owner  of  said  property,  but  shall pass as abandoned property to the
  state of New York, and shall be held as such property  pursuant  to  the
  abandoned property law.