N.Y. Gen. Bus. Law § 110

§ 110. Negotiation of warehouse receipt for goods subject to security\ninterest or lien. Any person who deposits with a warehouseman goods to\nwhich he has no title, or which are subject to a security interest, or\nupon which there is a lien, and who takes for such goods a negotiable\nwarehouse receipt which he afterward negotiates for value with intent to\ndeceive and without disclosing his want of title or the existence of the\nsecurity interest or lien, shall be guilty of a misdemeanor.\n