{"data":{"id":"us-ny/n.y.-uniform-commercial-code-law-4-a-106","jurisdiction":"us-ny","citation":"N.Y. Uniform Commercial Code Law § 4-a-106","heading":"Time Payment Order is Received","body":"Section 4-A-106. Time Payment Order is Received.\n  (1) The time of receipt of a payment order or communication cancelling\nor amending a payment order is determined by the rules applicable to\nreceipt of a notice stated in Section 1--202. A receiving bank may fix a\ncut-off time or times on a funds-transfer business day for the receipt\nand processing of payment orders and communications cancelling or\namending payment orders. Different cut-off times may apply to payment\norders, cancellations, or amendments, or to different categories of\npayment orders, cancellations, or amendments. A cut-off time may apply\nto senders generally or different cut-off times may apply to different\nsenders or categories of payment orders. If a payment order or\ncommunication cancelling or amending a payment order is received after\nthe close of a funds-transfer business day or after the appropriate\ncut-off time on a funds-transfer business day, the receiving bank may\ntreat the payment order or communication as received at the opening of\nthe next funds-transfer business day.\n  (2) If this Article refers to an execution date or payment date or\nstates a day on which a receiving bank is required to take action, and\nthe date or day does not fall on a funds-transfer business day, the next\nday that is a funds-transfer business day is treated as the date or day\nstated, unless the contrary is stated in this Article.","path":["Uniform Commercial Code Law","Article 4-A. Funds Transfers","Part 1. Subject Matter and Definitions"],"source_url":"https://legislation.nysenate.gov/api/3/laws/UCC/4-A-106","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:45Z","sha256":"72a22d042743e6ae9a010508e2497945c7e5086705cdafdc9d87032593b22d25","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-uniform-commercial-code-law-4-a-105","next":"us-ny/n.y.-uniform-commercial-code-law-4-a-107"},"notice":"GroundRules: Original legal text. Not legal advice."}