N.Y. Abandoned Property Law § 306: Reimbursement for instruments paid

§ 306. Reimbursement for instruments paid. Any banking organization

which has paid to the state comptroller abandoned property held or owing

for the payment of a negotiable instrument or a certified check may make

payment to the person entitled thereto, upon presentation of the

instrument by such person, and shall thereby be entitled to

reimbursement of the amount paid to the comptroller. Such reimbursement

shall be made by the comptroller after audit of a claim of the banking

organization.