New York § 4-A-504 Order in Which Items and Payment Orders May Be Charged to Account; Order of Withdrawals From Account

New York Statutes

§ 4-A-504 — Order in Which Items and Payment Orders May Be Charged to Account; Order of Withdrawals From Account

New York § 4-A-504

Law UCCUniform Commercial Code

Part 5Miscellaneous Provisions

Art. 4-AFunds Transfers

This text of New York § 4-A-504 (Order in Which Items and Payment Orders May Be Charged to Account; Order of Withdrawals From Account) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Uniform Commercial Code § 4-A-504 (2026).

Text

Section 4-A-504. Order in Which Items and Payment Orders May Be Charged\n                   to Account; Order of Withdrawals From Account.\n  (1) If a receiving bank has received more than one payment order of\nthe sender or one or more payment orders and other items that are\npayable from the sender's account, the bank may charge the sender's\naccount with respect to the various orders and items in any sequence.\n  (2) In determining whether a credit to an account has been withdrawn\nby the holder of the account or applied to a debt of the holder of the\naccount, credits first made to the account are first withdrawn or\napplied.\n

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Section 4-A-504. Order in Which Items and Payment Orders May Be Charged\n to Account; Order of Withdrawals From Account.\n (1) If a receiving bank has received more than one payment order of\nthe sender or one or more payment orders and other items that are\npayable from the sender's account, the bank may charge the sender's\naccount with respect to the various orders and items in any sequence.\n (2) In determining whether a credit to an account has been withdrawn\nby the holder of the account or applied to a debt of the holder of the\naccount, credits first made to the account are first withdrawn or\napplied.\n