Laws of New York (Last Updated: November 21, 2014)

Section 490. Limitation.

Latest version.

  Sections four hundred eighty-eight and four hundred
  eighty-nine  of  this  chapter  do  not  prohibit the receipt of a bond,
  promissory note, bill of exchange, book debt, or other thing in  action,
  in  payment for property sold, or for services actually rendered, or for
  a debt antecedently contracted; or from buying or receiving  a  bill  of
  exchange, draft, or other thing in action for the purpose of remittance.

                    
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