N.Y. EPTL 10-10.5
Current through 2024 NY Law Chapter 457
Where a power to sell real property is given to a mortgagee or to the transferee in any other conveyance intended to secure the payment of money, the power is deemed a part of the security, and passes to and may be exercised by any person, who by assignment or otherwise, becomes entitled to the money so secured to be paid.
N.Y. EPTL 10-10.5