New York Uniform Commercial Code Law Section 2-A-302 - Title to and Possession of Goods.

Section 2-A-302. Title to and Possession of Goods.
Except  as  otherwise provided in this Article, each provision of this
  Article applies whether the lessor or a third party  has  title  to  the
  goods,  and  whether  the  lessor,  the  lessee,  or  a  third party has
  possession of the goods, notwithstanding any statute or rule of law that
  possession or the absence of possession is fraudulent.

Last modified: February 3, 2019