<p>I don't think NYU sees the quarter grade, just the mid-term grade which they've already seen and the average for the course. If you don't fail the course they won't see an F.</p>
<p>If the 54 is the final mark, they will see it, as everyone has to submit a final transcript. If you've failed a course, I'd say you have something to worry about.</p>
<p>I say call up NYU and inform them before they receive your transcript. At least this way you can explain why you received a failing mark and such. Don't worry, one of my friends failed Calculus with a 48 called up Stern and said they were fine with it.</p>
<p>Letting them know beforehand will definitely be better than them receiving your grades without notification of failures.</p>