2015 New York Laws
GBS - General Business
Article 12 - (General Business) HOTELS AND BOARDING HOUSES
201 - Liability for loss of clothing and other personal property limited.

  201.  Liability  for  loss  of clothing and other personal property
  limited. 1. No hotel or motel keeper except as provided in the foregoing
  section shall be liable for damage to or  loss  of  wearing  apparel  or
  other  personal  property in the lobby, hallways or in the room or rooms
  assigned to a guest for any  sum  exceeding  the  sum  of  five  hundred
  dollars,  unless  it  shall  appear  that such loss occurred through the
  fault or negligence of such keeper, nor shall he be liable  in  any  sum
  exceeding  the  sum  of one hundred dollars for the loss of or damage to
  any such property when delivered to such  keeper  for  storage  or  safe
  keeping in the store room, baggage room or other place elsewhere than in
  the  room  or  rooms  assigned  to  such  guest,  unless  at the time of
  delivering the same for storage or safe keeping such value in excess  of
  one  hundred dollars shall be stated and a written receipt, stating such
  value, shall be issued by such keeper, but in no event shall such keeper
  be liable beyond five hundred dollars, unless it shall appear that  such
  loss  occurred through his fault or negligence, and such keeper may make
  a reasonable charge for storing or keeping such property, nor  shall  he
  be  liable  for  the  loss  of  or  damage to any merchandise samples or
  merchandise for sale, unless the guest  shall  have  given  such  keeper
  prior written notice of having the same in his possession, together with
  the value thereof, the receipt of which notice the hotel or motel keeper
  shall acknowledge in writing over the signature of himself or his agent,
  but in no event shall such keeper be liable beyond five hundred dollars,
  unless  it  shall  appear  that such loss or damage occurred through his
  fault or negligence; as to property deposited by guests  or  patrons  in
  the  parcel or checkroom of any hotel, motel or restaurant, the delivery
  of which is evidenced by a check or receipt therefor and  for  which  no
  fee  or charge is exacted, the proprietor shall not be liable beyond two
  hundred dollars, unless such value in  excess  of  two  hundred  dollars
  shall be stated upon delivery and a written receipt, stating such value,
  shall be issued, but he shall in no event be liable beyond three hundred
  dollars,  unless  such  loss  occurs  through  his  fault or negligence.
  Notwithstanding anything hereinabove contained, no hotel or motel keeper
  shall be liable for damage to or loss of such property by fire, when  it
  shall  appear  that  such  fire  was  occasioned  without  his  fault or
  negligence.
2. A printed copy of this section shall be  posted  in  a  conspicuous
  place  and manner in the office or public room and in the public parlors
  of such hotel or motel. No hotel, motel or restaurant  proprietor  shall
  post  a  notice  disclaiming or misrepresenting his liability under this
  section.