N.Y. Real Property Law § 337-c: Right to cancel

§ 337-c. Right to cancel. Every contract or agreement for the sale

or lease of subdivided lands shall expressly grant to the purchaser or

lessee the absolute right to cancel the contract or agreement within

seven days following the signing of the contract or agreement, by giving

the subdivider notice of cancellation at the address listed in the

offering statement filed by the subdivider, by registered or certified

mail return receipt requested. Within ten days of receipt of such a

notice of cancellation the subdivider shall return to the purchaser or

lessee all consideration paid or delivered on account of such contract

or agreement.