2006 New York Code - Safe Deposit Business Of Branches.

 
    § 202-i.  Safe deposit business of branches. Each such foreign banking
  corporation which is authorized to maintain a branch or branches in this
  state may (a) receive upon deposit for safe-keeping for hire upon  terms
  and  conditions  to  be  prescribed by such foreign banking corporation,
  money, securities, papers of any kind and any other  personal  property,
  and  (b)  engage  in  the  safe deposit business by renting vaults, safe
  deposit boxes or other receptacles  upon  premises  of  such  branch  or
  branches,  upon  such  terms and conditions as may be prescribed by such
  foreign corporation.