N.Y. Uniform Commercial Code Law § 2-a-522: Lessee's Right to Goods on Lessor's Insolvency

Section 2-A-522. Lessee's Right to Goods on Lessor's Insolvency.

(1) Subject to subsection (2) and even though the goods have not been

shipped, a lessee who has paid a part or all of the rent and security

for goods identified to a lease contract (Section 2-A-217) on making and

keeping good a tender of any unpaid portion of the rent and security due

under the lease contract may recover the goods identified from the

lessor if the lessor becomes insolvent within ten days after receipt of

the first installment of rent and security.

(2) A lessee acquires the right to recover goods identified to a lease

contract only if they conform to the lease contract.