N.Y. General Business Law § 163: Time of transmission

§ 163. Time of transmission. Every agent authorized to act as such by

any steamship company, express company, or otherwise for the purpose of

transmitting money, shall within two days after receipt thereof, deliver

to his principal the money so received. Every such steamship company,

express company, or other company shall thereupon and within three days

after receipt thereof from an agent, transmit the same to the person to

whom such money has been consigned by the transmitter unless within such

period of three days there be no mail bearing steamer leaving for the

point of destination of such moneys, in which event such money shall be

transmitted on the first steamship to leave thereafter.