N.Y. Comp. Codes R. & Regs. tit. 12, § 8-2.23
(a) The elevator machinery and sheaves shall have an ample factor of safety for the rated elevator capacity and shall be installed in a substantial manner.
(b) Guarding.
Machines and parts of machines shall be guarded in accordance with Industrial Code rules 875 to 9201 inclusive, relating to guarding of dangerous machinery.