New York Laws
Article 2 - Department of Financial Services; Superintendent of Financial Services; Supervisory and Regulatory Powers
14-D - Power of the Superintendent of Financial Services to Prescribe a Reasonable Period of Time Permitting the Drawing on Items Received for Deposit in a Customer's Account.

(b) This section does not prohibit a banking institution and a banking
customer from agreeing in writing to a greater period of time than that
otherwise prescribed by regulation pursuant to this section for the
drawing against items because of special circumstances, provided that,
such agreement is not contained in a pre-printed form and is not a
usual, regular business practice of the institution.
5. Such regulations shall require every banking institution to notify
each of its banking customers, in writing, of the applicable time
limitations on the right to draw on items received for deposit in the
customer's account and to keep posted in a conspicuous place at each
branch, a notice substantially setting forth the generally applicable
time limitations of the banking institution's customers' rights to draw
on items deposited to their accounts.
6. The superintendent of financial services is empowered, upon a
determination that the uniform application of a regulation adopted
pursuant to this section would result in unsafe or unsound banking
practices, to issue such further regulation or order with respect
thereto as it deems appropriate.
7. In this section "banking institution" has the same meaning ascribed
to it by section nine-f of this chapter and "item" has the same meaning
ascribed to it by the uniform commercial code.

Structure New York Laws