N.Y. Uniform Commercial Code Law § 2-a-501: Default: Procedure

Section 2-A-501. Default: Procedure.

(1) Whether the lessor or the lessee is in default under a lease

contract is determined by the lease agreement and this Article.

(2) If the lessor or the lessee is in default under the lease

contract, the party seeking enforcement has rights and remedies as

provided in this Article and, except as limited by this Article, as

provided in the lease agreement.

(3) If the lessor or the lessee is in default under the lease

contract, the party seeking enforcement may reduce the party's claim to

judgment, or otherwise enforce the lease contract by self-help or any

available judicial procedure or nonjudicial procedure, including

administrative proceeding, arbitration, or the like, in accordance with

this Article.

(4) Except as otherwise provided in Section 1--305(a) or this Article

or the lease agreement, the rights and remedies referred to in

subsections (2) and (3) are cumulative.

(5) If the lease agreement covers both real property and goods, the

party seeking enforcement may proceed under this part as to the goods,

or under other applicable law as to both the real property and the goods

in accordance with that party's rights and remedies in respect of the

real property, in which case this part does not apply.