New York Uniform Commercial Code Law Part 5 - MISCELLANEOUS PROVISIONS

• 4-a-501 - Variation by Agreement and Effect of Funds-Transfer System Rule.
  Section (1) Except as otherwise provided in this Article, the rights and obligations of a party to a funds transfer may be varied by agreement...
• 4-a-502 - Creditor Process Served on Receiving Bank; Set Off by Beneficiary's Bank.
  Section (1) As used in this section, "creditor process" means levy, attachment, garnishment, notice of lien, sequestration, or similar process issued by or on behalf...
• 4-a-503 - Injunction or Restraining Order With Respect to Funds Transfer.
  Section For proper cause and in compliance with applicable law, a court may restrain (i) a person from issuing a payment order to initiate a...
• 4-a-504 - Order in Which Items and Payment Orders May Be Charged to Account; Order of Withdrawals From Account.
  Section (1) If a receiving bank has received more than one payment order of the sender or one or more payment orders and other items...
• 4-a-505 - Preclusion of Objection to Debit of Customer's Account.
  Section If a receiving bank has received payment from its customer with respect to a payment order issued in the name of the customer as...
• 4-a-506 - Rate of Interest.
  Section (1) If, under this Article, a receiving bank is obliged to pay interest with respect to a payment order issued to the bank, the...
• 4-a-507 - Choice of Law.
  Section (1) The following rules apply unless the affected parties otherwise agree or subsection (3) applies: (a) The rights and obligations between the sender of...

Last modified: February 3, 2019