2012 New York Consolidated Laws
PEP - Personal Property
Article 3-A - (46 - 49-A) ASSIGNMENT OF EARNINGS
46-F - Limit on interest and other charges.

 
    §  46-f.  Limit  on  interest and other charges. Except as provided in
  article nine of the banking law, no person shall directly or  indirectly
  receive  or  accept,  whether  by discount or otherwise, for the use and
  sale of his personal credit or for making or continuing any  advance  or
  loan  of money (1) in anticipation of earnings assigned outright, or (2)
  on the security of an assignment of any earnings assigned as security, a
  greater sum than at the rate of eighteen per centum  per  annum  on  the
  amount  of  such  loan  or  advance,  either  as  a  bonus,  interest or
  otherwise, or under the guise of a charge for investigating  the  status
  of  a  person applying for such loan or advance, or drawing of papers or
  other service in connection with  such  loan  or  advance,  except  such
  charges as are now permitted by section 5-531 of the general obligations
  law.  Any  assignment,  whether  outright  or as security, which is made
  wholly or partly in consideration of  or  as  security  for  a  loan  or
  advance  which violates this section, shall be void, and invalid for any
  purpose whatsoever. Every person, firm,  corporation,  director,  agent,
  officer  or  member  thereof  who  shall  violate  any provision of this
  section, directly or indirectly, or assent to such  violation  shall  be
  guilty of a misdemeanor.