2012 New York Consolidated Laws
RPP - Real Property
Article 15 - (470 - 476) PROHIBITION AND DISCLOSURE OF PRIVATE TRANSFER FEE OBLIGATIONS
471 - Intent.

 
    §  471.  Intent.  The  legislature  finds and declares that the public
  policy of this state favors the marketability of real property  and  the
  transferability  of  interests in real property free of title defects or
  unreasonable restraints on alienation. The legislature further finds and
  declares that private  transfer  fee  obligations  violate  this  public
  policy  by  impairing  the  marketability  and  transferability  of real
  property and by constituting an  unreasonable  restraint  on  alienation
  regardless  of  the duration of the obligation to pay a private transfer
  fee, the amount of a private transfer fee, or the method  by  which  any
  private  transfer fee is created or imposed. Thus, the legislature finds
  and declares that a private transfer fee obligation shall not  run  with
  the  title  to  property or otherwise bind subsequent owners of property
  under any common law or equitable principle.