N.Y. Lien Law § 242: Non-attachment, release, discharge and subordination of liens

§ 242. Non-attachment, release, discharge and subordination of liens.

1. When a certificate of release, non-attachment, discharge or

subordination of any federal lien is presented for filing in the office

of the secretary of state, he or she shall

(a) cause a certificate of release or non-attachment to be marked or

assigned a consecutive file number, held and indexed as if such

certificate were a termination statement within the meaning of the

uniform commercial code, except that the notice of lien to which such

certificate relates shall not be removed from the files or purged from

the computerized system for a period of three years, and

(b) cause a certificate of discharge or subordination to be held,

marked or assigned a consecutive file number and indexed as if such

certificate were a release of collateral within the meaning of the

uniform commercial code.

An acceptable alternative to filing such certificate of release,

non-attachment, discharge or subordination in a paper format shall be

filing of such certificate by computerized methods established by the

secretary of state such that each certificate shall constitute a unique

computerized informational record and each such record shall be assigned

a consecutive file number, held and indexed as if such were a

termination or release as the case may require within the meaning of the

uniform commercial code.

2. When any such certificate, or a notice of revocation of any such

certificate, is presented for filing in the office of the city register

of the city of New York or the county clerk where the notice of lien is

filed, such officer shall permanently attach the certificate to the

notice of lien; and shall enter the certificate or notice, with the

date, in the federal lien index or card index system or computerized

index system on the line where the notice of lien is entered.