Section 2124. Stay or suspension of superintendent's determination

The
  commencement of a proceeding under article seventy-eight  of  the  civil
  practice  law  and  rules, to review the action of the superintendent in
  suspending or revoking or refusing to renew any certificate  under  this
  article,  shall  stay  such action of the superintendent for a period of
  thirty days. Such stay shall not be extended for a longer period  unless
  the  court  shall  determine,  after a preliminary hearing  of which the
  superintendent is notified forty-eight hours in advance, that a stay  of
  the  superintendent's  action pending the final determination or further
  order of the court will not unduly injure the interests of the people of
  the state.