N.Y. Uniform Commercial Code § 3-413 (2026)

Section 3--413. Contract of Maker, Drawer and Acceptor.
  (1) The maker or acceptor engages that he will pay the instrument
according to its tenor at the time of his engagement or as completed
pursuant to Section 3--115 on incomplete instruments.
  (2) The drawer engages that upon dishonor of the draft and any
necessary notice of dishonor or protest he will pay the amount of the
draft to the holder or to any indorser who takes it up. The drawer may
disclaim this liability by drawing without recourse.
  (3) By making, drawing or accepting the party admits as against all
subsequent parties including the drawee the existence of the payee and
his then capacity to indorse.