New York Uniform Commercial Code Law Section 2-A-307 - Priority of Liens Arising by Attachment or Levy on, Security Interests in, and Other Claims to Goods.

Section 2-A-307. Priority  of  Liens  Arising  by Attachment or Levy on,
                 Security Interests in, and Other Claims to Goods.
(1) Except as otherwise provided in Section 2-A-306, a creditor  of  a
  lessee takes subject to the lease contract.
(2)  Except  as  otherwise  provided in subsection (3) and in Sections
  2-A-306 and 2-A-308, a creditor of a lessor takes subject to  the  lease
  contract  unless  the  creditor  holds a lien that attached to the goods
  before the lease contract became enforceable.
(3) Except as otherwise  provided  in  Sections  9--317,  9--321,  and
  9--323,  a  lessee  takes  a  leasehold  interest  subject to a security
  interest held by a creditor of the lessor.

Last modified: February 3, 2019