N.Y. Real Property Law § 294-a: Recording assignments of rent

§ 294-a. Recording assignments of rent. 1. An assignment of rent to

accrue from tenancies, subtenancies, leases or subleases of real

property, irrespective of the term of their duration, in existence at

the time of the assignment, made, subscribed and acknowledged or proved,

and certified in a manner to entitle a conveyance to be recorded may be

recorded in the office of the recording officer of any county in which

any of the real property to which the tenancies, subtenancies, leases or

subleases relate is situated, and such recording officer shall, upon the

request of any party, on tender of the lawful fees therefor, record the

same in his said office.

2. Every such assignment not so recorded shall be void as against any

person who subsequently purchases or acquires by exchange, or contracts

to purchase or acquire by exchange, the same real property, or any

portion thereof, or acquires by assignment the rent to accrue therefrom

as provided in this section, in good faith and for a valuable

consideration, from the same vendor or assignor, his distributees or

devisees, and whose conveyance, contract or assignment is first duly

recorded.

3. The recording of such assignment shall not be in itself a notice of

the assignment to a lessee or tenant, his distributees or devisees, so

as to invalidate a payment of rent made by the lessee or tenant, his

distributees or devisees, to the assignor or a prior assignee of the

rent.