New York Laws
Article 50 - Judgments Generally
5004 - Rate of Interest.

(b) For the purpose of this section "consumer debt" means any
obligation or alleged obligation of any natural person to pay money
arising out of a transaction in which the money, property, insurance or
services which are the subject of the transaction are primarily for
personal, family or household purposes, whether or not such obligation
has been reduced to judgment, including, but not limited to, a consumer
credit transaction, as defined in subdivision (f) of section one hundred
five of this chapter.
(c) This section does not affect or create any rights or remedies
related to any amounts paid prior to the effective date of this
subdivision, including amounts paid to satisfy judgments or to accrued
interest or fees paid, or with respect to judgments satisfied prior to
the effective date of this subdivision. For amounts paid prior to the
effective date of this subdivision and lawfully applied in satisfaction
or partial satisfaction of interest or fees accrued prior to the
effective date of this subdivision, this section shall not be construed
to require a judgment creditor or sheriff to (i) return or refund such
amounts to judgment debtors; or (ii) apply such payments to satisfy any
part of a money judgment other than fees or interest upon judgment
pursuant to section five thousand three of this article.
(d) If any word, phrase, clause, sentence, paragraph, subdivision, or
part of this section or its application to any person or circumstance is
held invalid by any court of competent jurisdiction after exhaustion of
all further judicial review, the invalidity shall not affect, impair, or
invalidate the remainder of this section or applications of this article
which can be given effect without the invalid provision or application,
and to this end the provisions of this section are severable.