2014 New York Laws
RPP - Real Property
Article 12 - (370 - 436) REGISTERING TITLE TO REAL PROPERTY
402 - Fraud; notice only by registration.

 402. Fraud; notice only by registration. Except in case of fraud and
  except also as herein otherwise provided, no person taking a transfer of
  any  registered  real  property  or of any estate or interest therein or
  lien or charge thereon from the registered owner shall  be  required  to
  inquire  into  the  circumstances  under which, or the consideration for
  which such owner or  any  previously  registered  owner  had  the  title
  registered, nor shall such transferee be affected with notice, actual or
  constructive, of any unregistered trust, lien, claim, demand or interest
  whatever;  and  the  knowledge  that an unregistered trust, lien, claim,
  demand or interest is in existence shall not of  itself  be  imputed  or
  treated as fraud.