N.Y. Uniform Commercial Code § 4-303 (2026)

Section 4--303. When Items Subject to Notice, Stop-Order, Legal Process
                  or Setoff; Order in Which Items May Be Charged or
                  Certified.
  (1) Any knowledge, notice or stop-order received by, legal process
served upon or setoff exercised by a payor bank, whether or not
effective under other rules of law to terminate, suspend or modify the
bank's right or duty to pay an item or to charge its customer's account
for the item, comes too late to so terminate, suspend or modify such
right or duty if the knowledge, notice, stop-order or legal process is
received or served and a reasonable time for the bank to act thereon
expires or the setoff is exercised after the bank has done any of the
following:
       (a) accepted or certified the item;
       (b) paid the item in cash;
       (c) settled for the item without reserving a right to revoke the
           settlement and without having such right under statute,
           clearing house rule or agreement;
       (d) completed the process of posting the item to the indicated
           account of the drawer, maker or other person to be charged
           therewith or otherwise has evidenced by examination of such
           indicated account and by action its decision to pay the item;
           or
       (e) become accountable for the amount of the item under
           subsection (1) (d) of Section 4--213 and Section 4--302
           dealing with the payor bank's responsibility for late return
           of items.
  (2) Subject to the provisions of subsection (1) items may be accepted,
paid, certified or charged to the indicated account of its customer in
any order convenient to the bank.