N.Y. Uniform Commercial Code Law § 9-327: Priority of Security Interests in Deposit Account

Section 9--327. Priority of Security Interests in Deposit Account.

The following rules govern priority among conflicting security

interests in the same deposit account:

(a) A security interest held by a secured party having control of the

deposit account under Section 9--104 has priority over a conflicting

security interest held by a secured party that does not have control.

(b) Except as otherwise provided in subsections (c) and (d), security

interests perfected by control under Section 9--314 rank according to

priority in time of obtaining control.

(c) Except as otherwise provided in subsection (d), a security

interest held by the bank with which the deposit account is maintained

has priority over a conflicting security interest held by another

secured party.

(d) A security interest perfected by control under Section

9--104(a)(3) has priority over a security interest held by the bank with

which the deposit account is maintained.