New York Laws
Part 6 - Uniform Transfers to Minors Act
7-6.16 - Exemption of Third Person From Liability

(a) the validity of the purported custodian's designation;
(b) the propriety of, or the authority under this part for, any act of
the purported custodian;
(c) the validity or propriety under this part of any instrument or
instructions executed or given either by the person purporting to make a
transfer or by the purported custodian; or
(d) the propriety of the application of any property of the minor
delivered to the purported custodian.