New York Laws
Article 1 - Short Title; Definitions; Miscellaneous Provisions.
9-Y - Banking Institutions to Pay Checks Drawn Therein in Order of Presentation.

§ 9-y. Banking institutions to pay checks drawn therein in order of
presentation. 1. Notwithstanding any law, rule or regulation to the
contrary, every banking institution that provides consumer checking
accounts shall either pay checks in the order wherein they are received
or pay checks from smallest to largest dollar amount for each business
day's transactions.

2. If a check is dishonored for insufficient funds and thereafter
smaller checks which could be paid are received, the smaller checks
shall be honored within amounts on deposit in the subject account.

3. The banking institution shall disclose to consumers in writing the
order in which checks are drawn. The written disclosure shall be
provided to the consumer at the time the account is opened and prior to
any change in such policy. The superintendent shall promulgate rules and
regulations necessary for the implementation of this section.

4. As used in this section, "consumer checking accounts" means
accounts established by natural persons primarily for personal, family
or household purposes.

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