N.Y. Pers. Prop. Law § 508

§ 508. Administration by the attorney general. The attorney general\nmay make rules and regulations necessary for the administration of this\narticle; provided, however, that such rules and regulations shall not\nattempt to regulate or characterize rental-purchase agreements as a\nsecurity interest, credit sale, retail installment sale, conditional\nsale or any other form of consumer credit that imputes to a\nrental-purchase agreement the creation of a debt or extension of credit,\nnor shall such rules and regulations require the disclosure of a\npercentage rate calculation, including a time-price differential, an\nannual percentage rate, or an effective annual percentage rate.\n