N.Y. Pers. Prop. Law § 506

§ 506. Exempted transactions. This article does not apply to:\n 1. Agreements for the rental of merchandise in which the person who\nrents the merchandise has no legal right to become the owner of the\nproperty at the end of the rental period;\n 2. A lease of a safe deposit box; and\n 3. Retail installment sales agreements, contracts, or obligations.\n