N.Y. Uniform Commercial Code Law § 2-611: Retraction of Anticipatory Repudiation

Section 2--611. Retraction of Anticipatory Repudiation.

(1) Until the repudiating party's next performance is due he can

retract his repudiation unless the aggrieved party has since the

repudiation cancelled or materially changed his position or otherwise

indicated that he considers the repudiation final.

(2) Retraction may be by any method which clearly indicates to the

aggrieved party that the repudiating party intends to perform, but must

include any assurance justifiably demanded under the provisions of this

Article (Section 2--609).

(3) Retraction reinstates the repudiating party's rights under the

contract with due excuse and allowance to the aggrieved party for any

delay occasioned by the repudiation.