New York Laws
Article 2 - General Municipal Finances
5-A - Electronic or Wire Transfers.

(a) the governing board of the local government has entered into a
written agreement with the bank or trust company in which such funds
have been deposited, prescribing the manner in which electronic or wire
transfer of such funds shall be accomplished, identifying by number and
name those accounts from which electronic or wire transfers may be made,
identifying which officer or officers are authorized to order the
electronic or wire transfer of funds from those accounts, and
implementing a security procedure as defined in section 4-A-201 of the
uniform commercial code; and
(b) the bank or trust company processing the transfer shall provide to
the officer ordering the electronic or wire transfer of funds written
confirmation of each such transaction no later than the business day
following the day on which the funds are transmitted.
2. It shall be the duty of the governing board of the local government
to adopt a system of internal controls for the documentation and
reporting of all transfers or disbursements of funds accomplished by
electronic or wire transfer.

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