New York Uniform Commercial Code Law Section 3-511 - Waived or Excused Presentment, Protest or Notice of Dishonor or Delay Therein.

Section 3--511. Waived  or  Excused  Presentment,  Protest  or Notice of
                Dishonor or Delay Therein.
(1) Delay in presentment, protest or notice  of  dishonor  is  excused
  when  the  party  is  without notice that it is due or when the delay is
  caused by circumstances beyond his control and he  exercises  reasonable
  diligence after the cause of the delay ceases to operate.
(2)  Presentment  or  notice or protest as the case may be is entirely
  excused when
     (a) the party to  be  charged  has  waived  it  expressly  or  by
         implication either before or after it is due; or
     (b) such  party  has  himself  dishonored  the  instrument or has
         countermanded payment or otherwise has no reason to expect or
         right to require that the instrument be accepted or paid; or
     (c) by reasonable diligence the presentment or protest cannot  be
         made or the notice given.
(3) Presentment is also entirely excused when
     (a) the  maker,  acceptor  or  drawee  of any instrument except a
         documentary  draft  is  dead  or  in  insolvency  proceedings
         instituted after the issue of the instrument; or
     (b) acceptance  or  payment is refused but not for want of proper
         presentment.
(4) Where a  draft  has  been  dishonored  by  nonacceptance  a  later
  presentment  for  payment  and  any  notice  of dishonor and protest for
  nonpayment are excused unless in the meantime the  instrument  has  been
  accepted.
(5)  A waiver of protest is also a waiver of presentment and of notice
  of dishonor even though protest is not required.
(6) Where a waiver of presentment or notice or protest is embodied  in
  the  instrument  itself  it is binding upon all parties; but where it is
  written above the signature of an indorser it binds him only.

Last modified: February 3, 2019