N.Y. Banking Law § 318

§ 318. Branch offices. Any safe deposit company having a capital of\none hundred thousand dollars or more may, in accordance with the\nprovisions of article two of this chapter, be permitted to open and\nmaintain a branch office or branch offices in the city or village where\nits principal office is located.\n Any safe deposit company having a capital of one hundred thousand\ndollars or more, the majority of stock of which is owned by any other\nbanking organization or a national bank may, in accordance with the\nprovisions of article two of this chapter, be permitted to open and\nmaintain a branch office at a location at which such banking\norganization or national bank is maintaining a duly authorized branch\noffice.\n