§ 426. Punishment for making false statement; stolen vehicles. Any person who shall knowingly make any false statement of a material fact in any endorsement of a certificate of registration, certificate of title or other proof of ownership, upon a sale or transfer of a motor vehicle or trailer, or who, with intent to procure or pass title to a motor vehicle or trailer which he knows, or has reason to believe, has been stolen, shall receive or transfer possession of the same from or to another, or who shall have in his possession any motor vehicle or trailer which he knows, or has reason to believe, has been stolen, and who is not an officer of the law engaged at the time in the performance of his duty as such officer shall be guilty of a class E felony.

Attorney's Note

Under the New York Laws, punishments for crimes depend on the classification. In the case of this section:
ClassPrisonFine
Class E felonybetween 1 and 4 yearsup to $5,000
For details, see N.Y. Penal Law § 70.00