N.Y. DCD Law § 274

§ 274. Conveyances by persons in business. Every conveyance made\nwithout fair consideration when the person making it is engaged or is\nabout to engage in a business or transaction for which the property\nremaining in his hands after the conveyance is an unreasonably small\ncapital, is fraudulent as to creditors and as to other persons who\nbecome creditors during the continuance of such business or transaction\nwithout regard to his actual intent.\n