§ 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.