New York Banking Law Section 458-A - Maintenance of reserves.

  458-a.  Maintenance of reserves. A credit union shall contribute to
  and maintain such net worth reserve  categories  as  the  superintendent
  shall,  by  regulation,  prescribe. Such regulations shall provide for a
  system of maintaining net worth reserves that is comparable to  that  of
  Title  12  U.S.C. section 1790(d) and any regulations promulgated by the
  National Credit Union Administration  thereunder,  except  as  otherwise
  deemed   necessary   by   the  superintendent  in  accordance  with  the
  declaration of policy set forth in section ten of this chapter.

Last modified: February 3, 2019