N.Y. RPP Law § 406

§ 406. Transfers of registered property. A registered owner of real\nproperty, in order to transfer his whole estate or interest therein, or\nany part or parcel thereof, or any undivided interest therein, shall\nexecute to the intended transferee a deed or instrument of conveyance in\nany form authorized by law. Such deed or instrument of conveyance shall\nhave recited therein a statement or reference setting forth the source\nof the title of the grantor or the circumstances under which the title\nwas acquired by him. Upon filing such deed or other instrument in the\nregistrar's office and surrendering to the registrar the duplicate\ncertificate of title, he shall then make out and register as herein\nprovided a new certificate and also an owner's duplicate certificate of\ntitle certifying the title to the estate or interest in the property\nconveyed to the transferee and shall enter upon the original and\nduplicate certificate the date of the transfer, the name of the\ntransferee and the number of the new certificate, and shall stamp across\nthe original and surrendered duplicate certificates the word\n"cancelled." Title to such property shall not pass by such transfer\nuntil the transfer is registered as prescribed by this section.\n