New York Laws
Part 4 - Performance of Lease Contract: Repudiated, Substituted and Excused
2-A-402 - Anticipatory Repudiation.

(1) for a commercially reasonable time, await retraction of
repudiation and performance by the repudiating party;
(2) make demand pursuant to Section 2-A-401 and await assurance of
future performance adequate under the circumstances of the particular
case; or
(3) resort to any right or remedy upon default under the lease
contract or this Article, even though the aggrieved party has notified
the repudiating party that the aggrieved party would await the
repudiating party's performance and assurance and has urged retraction.
In addition, whether or not the aggrieved party is pursuing one of the
foregoing remedies, the aggrieved party may suspend performance or, if
the aggrieved party is the lessor, proceed in accordance with the
provisions of this Article on the lessor's right to identify goods to
the lease contract notwithstanding default or to salvage unfinished
goods (Section 2-A-524).

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