N.Y. Uniform Commercial Code Law § 8-602: Cross-References to former Article 8; Meaning or Interpretation

Section 8--602. Cross-References to former Article 8; Meaning or

Interpretation.

(a) Any reference made in law to a bond or other security or

instrument to be issued hereafter under the authority of such law as

being a negotiable instrument or security under former Article 8 of this

code shall be deemed to mean and refer to such bond or other security or

instrument issued on or after the effective date of this Act as being

one to be governed by the provisions of this new Article 8.

(b) The provisions of subsection (a) shall not be deemed to impair in

any manner the obligations of any bond or other security or instrument

previously issued and in existence on the effective date of this Act and

the same shall continue to be governed by its covenants. The provisions

of this Act shall apply to such previously issued and existing bond or

other security or instrument only to the extent that the provisions of

this Act can be harmonized with the provisions of covenants existing on

the effective date of this Act to which such bond or other security or

instrument is subject on such date, without impairing its obligations.