2017 New York Laws
BNK - Banking
Article 15 - General Provisions Applicable to Banking Stock Corporations, Limited Liability Investment Companies, and Limited Liability Trust Companies
Title 5 - Corporate Finance
5001 - Authorized Shares.

 5001.  Authorized  shares.  1. Every corporation shall have power to
  create and issue  the  number  of  shares  stated  in  its  organization
  certificate.  Such shares may be all of one class or may be divided into
  two or more classes. Each class shall consist of shares with par  value,
  having  such designation and such relative voting, dividend, liquidation
  and other rights, preferences  and  limitations,  consistent  with  this
  chapter,  as  shall  be  stated  in  the  organization  certificate. The
  organization certificate may deny, limit or otherwise define the  voting
  rights  and  may  limit  or otherwise define the dividend or liquidation
  rights or shares of  any  class,  but  no  such  denial,  limitation  or
  definition of voting rights shall be effective unless at the time one or
  more  classes  of  outstanding  shares,  singly or in the aggregate, are
  entitled to full voting rights, and no such limitation or definition  of
  dividend or liquidation rights shall be effective unless at the time one
  or  more  classes of outstanding shares, singly or in the aggregate, are
  entitled to unlimited dividend and liquidation rights.
2. If the shares are divided into two or more classes, the  shares  of
  each  class  shall  be designated to distinguish them from the shares of
  all other classes. Shares  which  are  entitled  to  preference  in  the
  distribution  of  dividends  or assets shall not be designated as common
  shares. Shares which are not entitled to preference in the  distribution
  of dividends or assets shall not be designated as preferred shares.
3.  Subject  to  the  designations,  relative  rights, preferences and
  limitations applicable  to  separate  series  and  except  as  otherwise
  permitted  by  subdivision  two  of  section  five thousand five of this
  chapter, each share shall be equal to every  other  share  of  the  same
  class.