N.Y. GOB Law § 5-325

§ 5-325. Garages and parking places. 1. No person who conducts or\nmaintains for hire or other consideration a garage, parking lot or other\nsimilar place which has the capacity for the housing, storage, parking,\nrepair or servicing of four or more motor vehicles, as defined by the\nvehicle and traffic law, may exempt himself from liability for damages\nfor injury to person or property resulting from the negligence of such\nperson, his agents or employees, in the operation of any such vehicle,\nor in its housing, storage, parking, repair or servicing, or in the\nconduct or maintenance of such garage, parking lot or other similar\nplace, and, except as hereinafter provided, any agreement so exempting\nsuch person shall be void.\n 2. Damages for loss or injury to property may be limited by a\nprovision in the storage agreement limiting the liability in case of\nloss or damage by theft, fire or explosion and setting forth a specific\nliability per vehicle, which shall in no event be less than twenty-five\nthousand dollars, beyond which the person owning or operating such\ngarage or lot shall not be liable; provided, however, that such\nliability may on request of the person delivering such vehicle be\nincreased, in which event increased rates may be charged based on such\nincreased liability.\n