New York Consolidated Laws, Estates, Powers and Trusts Law - EPT § 11-A-5.1. Disbursements from income

(1) one-third of the regular compensation of any person providing investment advisory or custodial services to the trustee;

(2) if the court shall find that any judicial proceeding primarily concerns income and that it is equitable to charge the expense of such proceeding, or a part thereof, to income, the court may direct that all or a specified part of the expense of such proceeding, including attorney's fees, shall be charged to income;

(3) all of the other ordinary expenses incurred in connection with the administration, management, or preservation of trust property and the distribution of income, including interest, ordinary repairs, regularly recurring taxes assessed against principal;  and

(4) recurring premiums on insurance covering the loss of a principal asset or the loss of income from or use of the asset.