N.Y. Lien Law § 202-b: Pledgee may buy at public sale

§ 202-b. Pledgee may buy at public sale. Unless the pledge agreement

otherwise provides, in all cases where a pledgee may lawfully sell

pledged property and the property is sold at public sale, the pledgee,

or his assignee or the legal representative of either, may fairly and in

good faith purchase the pledged property or any part thereof at the

sale. This section does not apply to a sale of property pawned or

pledged with a collateral loan broker.