N.Y. Banking Law § 36-b: Preservation of books and records

§ 36-b. Preservation of books and records. When any provision of this

chapter or any rule or regulation adopted pursuant thereto requires that

books and records be preserved, such requirement may be satisfied by

maintenance of original papers or other records, photographic

reproductions, or records stored in electronic storage media. As used in

this chapter, "electronic storage media" means any digital storage

medium or system that meets the following conditions:

1. It must preserve the records exclusively in non-rewritable,

non-erasable format;

2. It must verify automatically the quality and accuracy of the

storage media recording process;

3. It must have the capacity to readily download indexes, metadata and

records preserved on the electronic storage media to any medium

acceptable to the superintendent; and

4. It must be immediately readable on equipment at all times available

to the superintendent for examination of such records.