N.Y. Gen. Bus. Law § 203-a

§ 203-a. Hotel and motel keeper's liability for property in transport.\nNo hotel or motel keeper shall be liable in any sum exceeding the sum of\ntwo hundred and fifty dollars for the loss of or damage to property of a\nguest delivered to such keeper, his agent or employee, for transport to\nor from the hotel or motel, unless at the time of delivering the same\nsuch value in excess of two hundred and fifty dollars shall be stated by\nsuch guest and a written receipt stating such value shall be issued by\nsuch keeper; provided, however, that where such written receipt is\nissued the keeper shall not be liable beyond five hundred dollars unless\nit shall appear that such loss or damage occurred through his fault or\nnegligence.\n