N.Y. UCC Law § 7-602

Section 7--602. Judicial Process Against Goods Covered by Negotiable\n Document of Title.\n Unless a document of title was originally issued upon delivery of the\ngoods by a person that did not have power to dispose of them, a lien\ndoes not attach by virtue of any judicial process to goods in the\npossession of a bailee for which a negotiable document of title is\noutstanding unless possession or control of the document is first\nsurrendered to the bailee or the document's negotiation is enjoined. The\nbailee may not be compelled to deliver the goods pursuant to process\nuntil possession or control of the document is surrendered to the bailee\nor to the court. A purchaser of the document for value without notice of\nthe process or injunction takes free of the lien imposed by judicial\nprocess.\n