N.Y. Banking Law § 680-b: Scope; choice of law; forum

§ 680-b. Scope; choice of law; forum. 1. This article applies to a

special deposit under an account agreement that states the intention of

the parties to establish a special deposit governed by this article,

regardless of whether a party to the account agreement or a transaction

related to the special deposit, or the special deposit itself, has a

reasonable relation to this state.

2. The parties to an account agreement may choose a forum in this

state for settling a dispute arising out of the special deposit,

regardless of whether a party to the account agreement or a transaction

related to the special deposit, or the special deposit itself, has a

reasonable relation to this state.

3. This article does not affect:

(a) a right or obligation relating to a deposit other than a special

deposit under this article; or

(b) the voidability of a deposit or transfer that is fraudulent or

voidable under other law.