N.Y. Uniform Commercial Code Law § 8-305: Instruction

Section 8--305. Instruction.

(a) If an instruction has been originated by an appropriate person but

is incomplete in any other respect, any person may complete it as

authorized and the issuer may rely on it as completed, even though it

has been completed incorrectly.

(b) Unless otherwise agreed, a person initiating an instruction

assumes only the obligations imposed by Section 8--108 and not an

obligation that the security will be honored by the issuer.