(a) the laws of the state of New York including therein the
regulations of the New York state department of financial services; or
(b) a valid contract which provides, specifically, that the deduction
shall not be refundable or otherwise restored to the owner; and such
deduction is made in the normal course of business of the holder.
Structure New York Laws
Article 14 - General Provisions
1400 - Statutes of Limitations Not a Bar.
1401 - Comptroller to Maintain Public Record.
1402 - Publication of Abandoned Property by State Comptroller.
1403 - Sale of Personal Property by State Comptroller.
1405 - Accrual of Interest After Payment of Abandoned Property to the State Comptroller.
1406 - Claims for Abandoned Property Heretofore or Hereafter Paid to the State.
1407 - Payment by Comptroller.
1409 - Payment for Publication.
1410 - Designation of Newspapers.
1412 - Penalty, Interest and Special Proceedings.
1412-A - Retention of Books and Records.
1413 - Penalty for Fraudulent Returns.
1414 - Comptroller to Make Regulations.
1415 - Deduction of Certain Charges.
1416 - Restriction on Agreement to Locate And/or Retrieve Abandoned Property.
1417 - Agreements With Other States.
1418 - Property for New York Residents Held by Other States.
1419 - Reporting of Abandoned Property in the Aggregate.
1420 - Property Held by Agricultural Cooperative Corporation.