A data storage subsystem includes a volatile memory in which stored data can be denoted as being data that should be preserved in the event of an interruption in the power supply to the volatile memory. The available capacity for such data storage is dynamically allocated between multiple firmware client components of the storage subsystem, such that each client component has its own (varying) allocation of the available capacity. A higher priority for the storage of such data is given to client components on which other client components depend, such as lower layers of the software stack, thereby allowing them to get a larger share of the available capacity for such data storage when needed and complete their input/output requests faster.