2006 New York Code - Transmission Of Payment Order Through Funds-transfer Or Other Communication System.

 
  Section 4-A-206. Transmission of Payment Order Through Funds-Transfer or
                     Other Communication System.
    (1) If a payment order addressed to a receiving bank is transmitted to
  a  funds-transfer  system  or other third-party communication system for
  transmittal to the bank, the system is deemed to  be  an  agent  of  the
  sender  for  the  purpose of transmitting the payment order to the bank.
  If there is a  discrepancy  between  the  terms  of  the  payment  order
  transmitted to the system and the terms of the payment order transmitted
  by  the system to the bank, the terms of the payment order of the sender
  are those transmitted by the system. This section does not  apply  to  a
  funds-transfer system of the Federal Reserve Banks.
    (2)  This  section  applies to cancellations and amendments of payment
  orders to the same extent it applies to payment orders.