N.Y. Real Property Law § 473: Prohibition

§ 473. Prohibition. A private transfer fee obligation recorded or

entered into in this state on or after the effective date of this

section does not run with the land and is not binding on or enforceable

at law or in equity against any owner, purchaser, or mortgagee of any

interest in real property as an equitable servitude or otherwise. Any

private transfer fee obligation that is recorded or entered into in this

state on or after the effective date of this section is void and

unenforceable. This section shall not apply to a private transfer fee

obligation recorded or entered into prior to the effective date of this

section. This section shall not be deemed to require that a private

transfer fee obligation recorded, filed or entered into in this state

before the effective date of this section is presumed valid and

enforceable. It is the public policy of this state that no private

transfer fee obligation shall be valid or enforceable whenever entered

into, recorded or filed. Furthermore, this article shall not validate

any private transfer fee agreement that is contrary to the law of this

state.