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The subpoena was issued to Mazars USA, Trump's accounting firm, in August as part of an ongoing investigation into whether hush payments to Daniels and McDougal broke any state laws. The subpoena calls for financial and tax records of a number of entities and individuals, including those of President Trump.

The president's attorneys insisted \"a sitting President of the United States is not subject to the criminal process while he is in office\" and they filed a lawsuit to quash it.

\"That doesn't immunize him permanently,\" the president's attorney William Consovoy said in the filing. \"It means that while he is the commander in chief of our nation, 50 states can't decide that they are going to investigate the president while he tries to serve us as a country.\"

Manhattan District Attorney Cy Vance called that argument \"remarkable\" and said in September the lawsuit to block the taxes from subpoena should be dismissed.

\"The law provides no such sweeping immunity,\" Assistant District Attorney Solomon Shinerock said in September. \"They have no authority for the breathtaking grant of immunity that they seek.\"

The district attorney's office also accused the president of trying to run out the clock.

\"Right now we're just in the very early stage of wanting to review materials,\" Shinerock said. \"And this entire process I think is really designed by the plaintiff to make sure that doesn't happen.\"

ABC News' John Santucci contributed to this report.

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