N.Y. Uniform Commercial Code Law § 2-310: Open Time for Payment or Running of Credit; Authority to Ship Under Reservation

Section 2--310. Open Time for Payment or Running of Credit; Authority to

Ship Under Reservation.

Unless otherwise agreed

(a) payment is due at the time and place at which the buyer is to

receive the goods even though the place of shipment is the place of

delivery; and

(b) if the seller is authorized to send the goods he may ship them

under reservation, and may tender the documents of title, but the buyer

may inspect the goods after their arrival before payment is due unless

such inspection is inconsistent with the terms of the contract (Section

2--513); and

(c) if delivery is authorized and made by way of documents of title

otherwise than by subsection (b) then payment is due regardless of where

the goods are to be received (i) at the time and place at which the

buyer is to receive delivery of the tangible documents or (ii) at the

time the buyer is to receive delivery of the electronic documents and at

the seller's place of business or if none, the seller's residence; and

(d) where the seller is required or authorized to ship the goods on

credit the credit period runs from the time of shipment but post-dating

the invoice or delaying its dispatch will correspondingly delay the

starting of the credit period.