2016 New York Laws
BNK - Banking
Article 15 - General Provisions Applicable to Banking Stock Corporations, Limited Liability Investment Companies, and Limited Liability Trust Companies
Title 7 - (7001 - 7023) Directors and Officers
7013 - Officers.

 7013.  Officers.  1.  The  board of every corporation, at the annual
  meeting of such board following each  annual  meeting  of  stockholders,
  shall  elect  a  president (who, in the case of a bank or trust company,
  stock-form savings bank, or stock-form  savings  and  loan  association,
  shall  be  from  its  own  number) and shall also elect one or more vice
  presidents and such other officers as are required by the by-laws to  be
  elected annually. It may from time to time fill vacancies in the offices
  of  any officers so elected, and elect or appoint such other officers as
  it may determine  or  as  may  be  provided  in  the  by-laws.  Where  a
  corporation  shall  elect  a  chief  executive  officer  in  lieu  of  a
  president, whose duties and functions  are  substantially  the  same  as
  those of a president, such chief executive officer shall be deemed to be
  a president for purposes of this chapter.
2. Each officer shall hold office for the term for which he is elected
  or  appointed, and until his successor has been elected or appointed and
  qualified.
3. Any two or more offices may be held by the same person, except  the
  offices of president and secretary.
4. The board may require any officer to give security for the faithful
  performance of his duties.
5.  All  officers as between themselves and the corporation shall have
  such authority  and  perform  such  duties  in  the  management  of  the
  corporation  as  may be provided in the by-laws or, to the extent not so
  provided, by the board.