2014 New York Laws
EPT - Estates, Powers & Trusts
Article 7 - TRUSTS
Part 5 - (7-5.1 - 7-5.8) BANK ACCOUNTS IN TRUST FORM
7-5.1 - Definitions

7-5.1 Definitions
(a)  A  "beneficiary" is a person who is described by a depositor as a
  person for whom a trust account is established or maintained.
(b) A "depositor" is a person in whose name a trust account subject to
  this part is established or maintained.
(c) A "financial institution"  is  a  bank,  trust  company,  national
  banking  association,  savings  bank,  industrial  bank, private banker,
  foreign banking corporation, federal savings  and  loan  association,  a
  savings  institution  chartered  and supervised as a savings and loan or
  similar institution under federal law or the laws of a state, a  federal
  credit  union, or a credit union chartered and supervised under the laws
  of a state.
(d) A "trust  account"  includes  a  savings,  share,  certificate  or
  deposit  account  in  a financial institution established by a depositor
  describing himself as  trustee  for  another,  other  than  a  depositor
  describing  himself  as  acting  under a will, trust instrument or other
  instrument, court order or decree.