N.Y. UCC Law § 9-201

Section 9--201. General Effectiveness of Security Agreement.\n (a) General effectiveness. Except as otherwise provided in this\nchapter, a security agreement is effective according to its terms\nbetween the parties, against purchasers of the collateral, and against\ncreditors.\n (b) Applicable consumer laws and other law. A transaction subject to\nthis article is subject to:\n (1) any applicable rule of law which establishes a different rule\n for consumers;\n (2) any other statute or regulation of this state which regulates\n the rates, charges, agreements and practices for loans,\n credit sales or other extensions of credit;\n (3) any consumer protection statute or regulation of this state.\n (c) Other applicable law controls. In case of conflict between this\narticle and a rule of law, statute, or regulation described in\nsubsection (b), the rule of law, statute, or regulation controls.\nFailure to comply with a statute or regulation described in subsection\n(b) has only the effect the statute or regulation specifies.\n (d) Further deference to other applicable law. This article does not:\n (1) validate any rate, charge, agreement, or practice that\n violates a rule of law, statute, or regulation described in\n subsection (b); or\n (2) extend the application of the rule of law, statute, or\n regulation to a transaction not otherwise subject to it.\n