2010 New York Code
RPP - Real Property
Article 14 - (460 - 467) PROPERTY CONDITION DISCLOSURE IN THE SALE OF RESIDENTIAL REAL PROPERTY
465 - Remedy.

§  465.  Remedy.  1.  In  the event a seller fails to perform the duty
  prescribed in this article to deliver a disclosure  statement  prior  to
  the  signing by the buyer of a binding contract of sale, the buyer shall
  receive upon the transfer of title a  credit  of  five  hundred  dollars
  against the agreed upon purchase price of the residential real property.
    2.  Any  seller who provides a property condition disclosure statement
  or provides or fails to provide a revised property condition  disclosure
  statement  shall  be  liable  only  for a willful failure to perform the
  requirements of this article. For such a  willful  failure,  the  seller
  shall be liable for the actual damages suffered by the buyer in addition
  to any other existing equitable or statutory remedy.

Disclaimer: These codes may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.