N.Y. Vehicle & Traffic Law § 397-b: Vehicle leases that are not sales or security interests

§ 397-b. Vehicle leases that are not sales or security interests.

Notwithstanding any other provision of law, in the case of motor

vehicles or trailers which are not vehicles or trailers leased or used

primarily for personal, family, or household purposes, a transaction

does not create a conditional sale or security interest merely because

it provides that the rental price is permitted or required to be

adjusted under the agreement either upward or downward by reference to

the amount realized upon sale or other disposition of the motor vehicle

or trailer.