New York Laws
Article 9 - Recording Instruments Affecting Real Property
294-A - Recording Assignments of Rent.

§ 294-a. Recording assignments of rent. 1. An assignment of rent to
accrue from tenancies, subtenancies, leases or subleases of real
property, irrespective of the term of their duration, in existence at
the time of the assignment, made, subscribed and acknowledged or proved,
and certified in a manner to entitle a conveyance to be recorded may be
recorded in the office of the recording officer of any county in which
any of the real property to which the tenancies, subtenancies, leases or
subleases relate is situated, and such recording officer shall, upon the
request of any party, on tender of the lawful fees therefor, record the
same in his said office.

2. Every such assignment not so recorded shall be void as against any
person who subsequently purchases or acquires by exchange, or contracts
to purchase or acquire by exchange, the same real property, or any
portion thereof, or acquires by assignment the rent to accrue therefrom
as provided in this section, in good faith and for a valuable
consideration, from the same vendor or assignor, his distributees or
devisees, and whose conveyance, contract or assignment is first duly
recorded.

3. The recording of such assignment shall not be in itself a notice of
the assignment to a lessee or tenant, his distributees or devisees, so
as to invalidate a payment of rent made by the lessee or tenant, his
distributees or devisees, to the assignor or a prior assignee of the
rent.

Structure New York Laws