N.Y. Banking Law § 354

§ 354. Restrictions on assignments of compensation for services. 1. A\nlicensee shall not take an assignment of unearned wages or other\nearnings unless:\n (a) the assignment by its terms is revocable at the will of the\nborrower; or\n (b) the assignment is a payroll deduction plan.\n 2. No assignment of wages or other earnings given to secure any loan\nhereunder shall be valid unless the amount of such loan is paid to the\nborrower simultaneously with its execution.\n