New York Laws
Sub Part 1 - Effectiveness and Attachment
9-204 - After-Acquired Property; Future Advances.

(a) After-acquired collateral. Except as otherwise provided in
subsection (b), a security agreement may create or provide for a
security interest in after-acquired collateral.
(b) When after-acquired property clause not effective. A security
interest does not attach under a term constituting an after-acquired
property clause to:
(1) consumer goods, other than an accession when given as
additional security, unless the debtor acquires rights in
them within 10 days after the secured party gives value; or
(2) a commercial tort claim.
(c) Future advances and other value. A security agreement may provide
that collateral secures, or that accounts, chattel paper, payment
intangibles, or promissory notes are sold in connection with, future
advances or other value, whether or not the advances or value are given
pursuant to commitment.

Structure New York Laws