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2014 New York Laws
GBS - General Business
Article 34-A - (710 - 716) CONSUMER CREDIT BALANCES
711 - Transfer of credit balances prohibited.

NY Gen Bus L § 711 (2014) What's This?
  711.  Transfer  of  credit  balances  prohibited. No creditor shall
  write-off, delete or transfer any credit balance greater than one dollar
  from a consumer credit account except to the extent  that  the  consumer
  has  either  received  a  cash  refund  or  made  offsetting  purchases.
  Provided, however, that nothing herein shall prevent the  creditor  from
  deleting a credit balance created through an error.

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