N.Y. U.C.C. 9-107b

Section 9--107B. No Requirement to Acknowledge or Confirm; No Duties.\n (a) No requirement to acknowledge. A person that has control under\nSection 9--104, 9--105, or 9--105A is not required to acknowledge that\nit has control on behalf of another person.\n (b) No duties or confirmation. If a person acknowledges that it has or\nwill obtain control on behalf of another person, unless the person\notherwise agrees or law other than this article otherwise provides, the\nperson does not owe any duty to the other person and is not required to\nconfirm the acknowledgment to any other person.\n