N.Y. Uniform Commercial Code Law § 4-a-503: Injunction or Restraining Order With Respect to Funds Transfer

Section 4-A-503. Injunction or Restraining Order With Respect to Funds

Transfer.

For proper cause and in compliance with applicable law, a court may

restrain (i) a person from issuing a payment order to initiate a funds

transfer, (ii) an originator's bank from executing the payment order of

the originator, or (iii) the beneficiary's bank from releasing funds to

the beneficiary or the beneficiary from withdrawing the funds. A court

may not otherwise restrain a person from issuing a payment order, paying

or receiving payment of a payment order, or otherwise acting with

respect to a funds transfer.