N.Y. Uniform Commercial Code Law § 2-a-102: Scope

Section 2-A-102. Scope.

(1) This Article applies to any transaction, regardless of form, that

creates a lease and, in the case of a hybrid lease, it applies to the

extent provided in subsection (2).

(2) In a hybrid lease:

(a) if the lease-of-goods aspects do not predominate:

(i) only the provisions of this article which relate primarily to the

lease-of-goods aspects of the transaction apply, and the provisions that

relate primarily to the transaction as a whole do not apply;

(ii) Section 2-A-209 applies if the lease is a finance lease; and

(iii) Section 2-A-407 applies to the promises of the lessee in a

finance lease to the extent the promises are consideration for the right

to possession and use of the leased goods; and

(b) if the lease-of-goods aspects predominate, this Article applies to

the transaction, but does not preclude application in appropriate

circumstances of other law to aspects of the lease which do not relate

to the lease of goods.