---
type: "Bill"
title: "Relates to terminal rental adjustment clauses in motor vehicle leases"
description: "Relates to terminal rental adjustment clauses in motor vehicle leases; provides multiple tax payment options for the lessor."
jurisdiction: "us/states/ny"
legislature: "New York Legislature"
session: "2021-2022"
identifier: "A 5401"
citation: "New York A 5401 (2021-2022)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["MCDONALD"]
version_count: 1
action_count: 13
vote_count: 2
first_action: "2021-02-16"
last_action: "2021-12-10"
source: "openstates"
source_identifier: "ocd-bill/c78a3cc9-d2c1-4623-b5fa-90f2d868d13a"
source_url: "http://www.nysenate.gov/legislation/bills/2021/A5401"
source_hash: "de7f8b351411d01321d0b88c8c4ae8f4379f02b6b305b1163a80c53f12f3d2ab"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ny"]
---

# New York A 5401 (2021-2022) — Relates to terminal rental adjustment clauses in motor vehicle leases

Relates to terminal rental adjustment clauses in motor vehicle leases; provides multiple tax payment options for the lessor.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **A5401** (committee substitute) — [source](http://assembly.state.ny.us/leg/?sh=printbill&bn=A5401&term=2021&Text=Y)

## Votes

- Floor Vote — **63–0** (pass) · upper
- Assembly Vote — **146–1** (pass) · lower

## Sponsors

- MCDONALD — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2021-02-16** REFERRED TO WAYS AND MEANS `referral-committee`
- **2021-05-11** REPORTED
- **2021-05-13** ADVANCED TO THIRD READING CAL.365
- **2021-05-19** PASSED ASSEMBLY `passage`
- **2021-05-19** DELIVERED TO SENATE
- **2021-05-19** REFERRED TO FINANCE `referral-committee`
- **2021-06-10** SUBSTITUTED FOR S3926
- **2021-06-10** 3RD READING CAL.1773
- **2021-06-10** PASSED SENATE `passage`
- **2021-06-10** RETURNED TO ASSEMBLY
- **2021-11-29** DELIVERED TO GOVERNOR `executive-receipt`
- **2021-12-10** SIGNED CHAP.664 `executive-signature`
- **2021-12-10** APPROVAL MEMO.62

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/c78a3cc9-d2c1-4623-b5fa-90f2d868d13a`. Confidence: reported (aggregated from official New York legislature records).