NY UCC § 9-705 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 9 - Secured Transactions Part 7 - Transition 9-705 - Effectiveness of Action Taken Before Effective Date

Section 9--705. Effectiveness of Action Taken Before Effective Date.  (a) Pre-effective-date   action;  one-year  perfection  period  unless reperfected. If action, other than the filing of a financing  statement, is taken before Revised Article 9 takes effect and the action would have resulted  in priority of a security interest over the rights of a person that  becomes  a  lien  creditor  had  the  security   interest   become enforceable  before  Revised  Article  9  takes  effect,  the  action is effective to perfect a security interest  that  attaches  under  Revised Article  9  within  one  year  after  Revised Article 9 takes effect. An attached security interest becomes unperfected one  year  after  Revised Article  9 takes effect unless the security interest becomes a perfected security interest under Revised Article 9 before the expiration of  that period.  (b) Pre-effective-date  filing.  The  filing  of a financing statement before Revised Article 9 takes effect is effective to perfect a security interest  to  the  extent  the  filing  would  satisfy  the   applicable requirements for perfection under Revised Article 9.  (c) Pre-effective-date   filing  in  jurisdiction  formerly  governing perfection. Revised Article 9 does not render ineffective  an  effective financing  statement  that,  before  Revised  Article 9 takes effect, is filed and satisfies the applicable requirements for perfection under the law of the jurisdiction  governing  perfection  as  provided  in  Former Section 9--103. However, except as otherwise provided in subsections (d) and  (e)  and  Section  9--706,  the  financing  statement  ceases to be effective at the earlier of:       (1) the time the financing statement  would  have  ceased  to  be            effective  under  the  law of the jurisdiction in which it is            filed; or       (2) June thirtieth, 2006.  (d) Continuation statement. The filing  of  a  continuation  statement after Revised Article 9 takes effect does not continue the effectiveness of  the financing statement filed before Revised Article 9 takes effect. However, upon the  timely  filing  of  a  continuation  statement  after Revised  Article  9  takes  effect and in accordance with the law of the jurisdiction  governing  perfection  as  provided   in   Part   3,   the effectiveness  of a financing statement filed in the same office in that jurisdiction before Revised Article 9 takes  effect  continues  for  the period provided by the law of that jurisdiction.  (e) Application   of   subsection  (c)  (2)  to  transmitting  utility financing statement. Subsection (c) (2) applies to a financing statement that, before  Revised  Article  9  takes  effect,  is  filed  against  a transmitting  utility  and  satisfies  the  applicable  requirements for perfection under the law of the  jurisdiction  governing  perfection  as provided  in  Former  Section  9--103  only  to  the  extent that Part 3 provides that the law of a jurisdiction other than the  jurisdiction  in which  the financing statement is filed governs perfection of a security interest in collateral covered by the financing statement.  (f) Application of Part 5.  A  financing  statement  that  includes  a financing  statement  filed  before Revised Article 9 takes effect and a continuation statement filed after Revised Article  9  takes  effect  is effective  only to the extent that it satisfies the requirements of Part 5 for an initial financing statement.