New York Laws
Part 5 - Miscellaneous Provisions
4-A-505 - Preclusion of Objection to Debit of Customer's Account.

Account.

If a receiving bank has received payment from its customer with
respect to a payment order issued in the name of the customer as sender
and accepted by the bank, and the customer received notification
reasonably identifying the order, the customer is precluded from
asserting that the bank is not entitled to retain the payment unless the
customer notifies the bank of the customer's objection to the payment
within one year after the notification was received by the customer.

Structure New York Laws