N.Y. Uniform Commercial Code Law § 2-725: Statute of Limitations in Contracts for Sale

Section 2--725. Statute of Limitations in Contracts for Sale.

(1) An action for breach of any contract for sale must be commenced

within four years after the cause of action has accrued. By the original

agreement the parties may reduce the period of limitation to not less

than one year but may not extend it.

(2) A cause of action accrues when the breach occurs, regardless of

the aggrieved party's lack of knowledge of the breach. A breach of

warranty occurs when tender of delivery is made, except that where a

warranty explicitly extends to future performance of the goods and

discovery of the breach must await the time of such performance the

cause of action accrues when the breach is or should have been

discovered.

(3) Where an action commenced within the time limited by subsection

(1) is so terminated as to leave available a remedy by another action

for the same breach such other action may be commenced after the

expiration of the time limited and within six months after the

termination of the first action unless the termination resulted from

voluntary discontinuance or from dismissal for failure or neglect to

prosecute.

(4) This section does not alter the law on tolling of the statute of

limitations nor does it apply to causes of action which have accrued

before this Act becomes effective.