While the cheesecake is baking, prepare cobbler topping. Stir together flour, brown sugar, sugar, salt and baking powder.
Cut in cold butter with a fork. Add boiling water and stir. Set aside.
When the cheesecake is almost baked (the top will be set ) remove it from the oven.
Arrange layer of peaches on top, dollop the cobbler in lumps on top of the peaches and place back in the oven for 20-25 minutes until the cobbler topping reaches a nice golden-brown color.
Turn off the oven and leave the cheesecake in the oven with the door crack open for one hour.
Remove it from the water bath and place on a cooling rack to cool to room temperature. Chill in the refrigerator 4-6 hours or overnight.
When the cheesecake is cooled in the fridge, run a thin knife around the cake and release the ring from springform pan. Transfer the cake onto a serving plate.
When ready to serve, top the cake with remaining peaches and sauce. For even more amazing flavors, reheat the sauce before drizzling over the cake.
Store in the fridge.