NY UCC § 9-607 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 9 - Secured Transactions Part 6 - Default Sub Part 1 - Default and Enforcement of Security Interest 9-607 - Collection and Enforcement by Secured Party

Section 9--607. Collection and Enforcement by Secured Party.  (a) Collection  and  enforcement  generally.  If so agreed, and in any event after default, a secured party:       (1) may notify an account debtor or  other  person  obligated  on            collateral to make payment or otherwise render performance to            or for the benefit of the secured party;       (2) may  take any proceeds to which the secured party is entitled            under Section 9--315;       (3) may enforce the obligations of an  account  debtor  or  other            person obligated on collateral and exercise the rights of the            debtor  with  respect to the obligation of the account debtor            or other person obligated on collateral to  make  payment  or            otherwise  render performance to the debtor, and with respect            to any property that secures the obligations of  the  account            debtor or other person obligated on the collateral;       (4) if  it  holds  a  security  interest  in  a  deposit  account            perfected by control under Section 9--104 (a) (1), may  apply            the  balance of the deposit account to the obligation secured            by the deposit account; and       (5) if  it  holds  a  security  interest  in  a  deposit  account            perfected by control under Section 9--104 (a) (2) or (3), may            instruct  the  bank to pay the balance of the deposit account            to or for the benefit of the secured party.  (b) Nonjudicial enforcement of mortgage.  If  necessary  to  enable  a secured party to exercise under subsection (a) (3) the right of a debtor to enforce a mortgage nonjudicially, the secured party may record in the office in which a record of the mortgage is recorded:       (1) a copy of the security agreement that creates or provides for            a   security  interest  in  the  obligation  secured  by  the            mortgage; and       (2) the  secured  party's  sworn  affidavit  in  recordable  form            stating that:           (A) a  default  has  occurred  with respect to the obligation                secured by the mortgage; and           (B) the secured party is entitled  to  enforce  the  mortgage                nonjudicially.  (c) Commercially  reasonable  collection  and  enforcement.  A secured party shall proceed in a commercially reasonable manner if  the  secured party:       (1) undertakes  to  collect  from  or enforce an obligation of an            account debtor or other person obligated on collateral; and       (2) is  entitled  to  charge  back  uncollected   collateral   or            otherwise to full or limited recourse against the debtor or a            secondary obligor.  (d) Expenses of collection and enforcement. A secured party may deduct from the collections made pursuant to subsection (c) reasonable expenses of  collection and enforcement, including reasonable attorney's fees and legal expenses incurred by the secured party.  (e) Duties to secured  party  not  affected.  This  section  does  not determine  whether an account debtor, bank, or other person obligated on collateral owes a duty to a secured party.