§ 34. Preferences. Compensation shall be a lien against the assets of
the carrier of employer without limit of amount subordinate, however, to
claims for unpaid wages and prior recorded liens. The provisions of this
section shall not apply to the state insurance fund with respect to
those liabilities and obligations assumed by the state pursuant to
section eighty-seven-d of this chapter or as the result of any insuring
agreement between the state insurance fund and the department of civil
service pursuant to section eighty-eight-c of this chapter. In such
instances compensation shall be alien against the assets of the state as
the employer.