N.Y. Personal Property Law § 412: Cancellation

§ 412. Cancellation. After the payment of all sums for which the buyer

is obligated under a contract or obligation, and upon written demand

made by the buyer, the holder shall deliver, or mail to the buyer at his

last known address, such one or more good and sufficient instruments as

may be necessary to acknowledge payment in full and to release all

security in the goods. This section does not repeal section seventy-two

of this chapter or section two hundred thirty-eight of the lien law.