2006 New York Code - Duty Of Sender To Report Erroneously Executed Payment Order.

 
  Section 4-A-304. Duty  of  Sender to Report Erroneously Executed Payment
                     Order.
    If the sender of a payment  order  that  is  erroneously  executed  as
  stated  in Section 4-A-303 receives notification from the receiving bank
  that the order was executed or that the  sender's  account  was  debited
  with  respect  to  the order, the sender has a duty to exercise ordinary
  care to determine, on the basis of information available to the  sender,
  that  the  order  was erroneously executed and to notify the bank of the
  relevant facts within a reasonable time not exceeding ninety days  after
  the notification from the bank was received by the sender. If the sender
  fails  to  perform that duty, the bank is not obliged to pay interest on
  any amount refundable to the sender  under  subsection  (4)  of  Section
  4-A-402  for  the  period before the bank learns of the execution error.
  The bank is not entitled to any recovery from the sender on account of a
  failure by the sender to perform the duty stated in this section.