N.Y. Uniform Commercial Code § 3-405 (2026)

Section 3--405. Impostors; Signature in Name of Payee.
  (1) An indorsement by any person in the name of a named payee is
effective if
       (a) an impostor by use of the mails or otherwise has induced the
           maker or drawer to issue the instrument to him or his
           confederate in the name of the payee; or
       (b) a person signing as or on behalf of a maker or drawer intends
           the payee to have no interest in the instrument; or
       (c) an agent or employee of the maker or drawer has supplied him
           with the name of the payee intending the latter to have no
           such interest.
  (2) Nothing in this section shall affect the criminal or civil
liability of the person so indorsing.