N.Y. General Obligations Law § 5-1402: Choice of forum

§ 5-1402. Choice of forum. 1. Notwithstanding any act which limits or

affects the right of a person to maintain an action or proceeding,

including, but not limited to, paragraph (b) of section thirteen hundred

fourteen of the business corporation law and subdivision two of section

two hundred-b of the banking law, any person may maintain an action or

proceeding against a foreign corporation, non-resident, or foreign state

where the action or proceeding arises out of or relates to any contract,

agreement or undertaking for which a choice of New York law has been

made in whole or in part pursuant to section 5-1401 and which (a) is a

contract, agreement or undertaking, contingent or otherwise, in

consideration of, or relating to any obligation arising out of a

transaction covering in the aggregate, not less than one million

dollars, and (b) which contains a provision or provisions whereby such

foreign corporation or non-resident agrees to submit to the jurisdiction

of the courts of this state.

2. Nothing contained in this section shall be construed to affect the

enforcement of any provision respecting choice of forum in any other

contract, agreement or undertaking.