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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
7014 - Removal of officers.

NY Banking L § 7014 (2016) What's This?
 7014.  Removal  of  officers. 1. Any officer elected or appointed by
  the board may be removed by the board, or his authority suspended by it,
  with or  without  cause.  Such  removal  or  suspension  without  cause,
  however, shall be without prejudice to his contract rights. The election
  or  appointment  of  an  officer shall not be deemed of itself to create
  contract rights.

2. This section does not affect the powers of the superintendent under
  section forty-one of this chapter.

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