N.Y. Uniform Commercial Code Law § 2-a-109: Option to Accelerate at Will

Section 2-A-109. Option to Accelerate at Will.

(1) A term providing that one party or his or her successor in

interest may accelerate payment or performance or require collateral or

additional collateral "at will" or "when he or she deems himself or

herself insecure" or in words of similar import must be construed to

mean that he or she has power to do so only if he or she in good faith

believes that the prospect of payment or performance is impaired.

(2) With respect to a consumer lease, the burden of establishing good

faith under subsection (1) is on the party who exercised the power;

otherwise the burden of establishing lack of good faith is on the party

against whom the power has been exercised.