New York Uniform Commercial Code Law Section 1-301 - Territorial Applicability; Parties' Power to Choose Applicable Law.

Section 1--301. Territorial  Applicability;  Parties'  Power  to  Choose
                Applicable Law.
(a) Except as otherwise provided in this section, when  a  transaction
  bears  a  reasonable relation to this state and also to another state or
  nation, the parties may agree that the law either of this  state  or  of
  such  other state or nation shall govern their rights and duties so long
  as none of the parties to the transaction is a consumer and  a  resident
  of  New  York.  Where a consumer is a resident of the state of New York,
  New York state law shall apply.
(b) In the absence of an agreement effective under subsection (a), and
  except as provided in subsection (c), this act applies  to  transactions
  bearing an appropriate relation to this state.
(c)  If  one  of  the  following  provisions of this act specifies the
  applicable law, that provision  governs  and  a  contrary  agreement  is
  effective only to the extent permitted by the law so specified:
(1) Section 2--402;
(2) Sections 2-A--105 and 2-A--106;
(3) Section 4--102;
(4) Section 4-A--507;
(5) Section 5--116;
(6) Section 8--110; and
(7) Sections 9--301 through 9--307.

Last modified: February 3, 2019