N.Y. UCC Law § 9-605

Section 9--605. Unknown Debtor or Secondary Obligor.\n (a) In general: No duty owed by secured party. Except as provided in\nsubsection (b), a secured party does not owe a duty based on its status\nas secured party:\n (1) to a person that is a debtor or obligor, unless the secured party\nknows:\n (A) that the person is a debtor or obligor;\n (B) the identity of the person; and\n (C) how to communicate with the person; or\n (2) to a secured party or lienholder that has filed a financing\nstatement against a person, unless the secured party knows:\n (A) that the person is a debtor; and\n (B) the identity of the person.\n (b) Exception: Secured party owes duty to debtor or obligor. A secured\nparty owes a duty based on its status as a secured party to a person if,\nat the time the secured party obtains control of collateral that is a\ncontrollable account, controllable electronic record, or controllable\npayment intangible or at the time the security interest attaches to the\ncollateral, whichever is later:\n (1) the person is a debtor or obligor; and\n (2) the secured party knows that the information in subsection\n(a)(1)(A), (B), or (C) relating to the person is not provided by the\ncollateral, a record attached to or logically associated with the\ncollateral, or the system in which the collateral is recorded.\n