N.Y. Banking Law § 485

§ 485. Entries in books; preservation of records. 1. No credit union\nshall by any system of accounting or any device of bookkeeping, directly\nor indirectly, enter any of its assets or liabilities upon its books in\nthe name of any person, or under any title or designation that is not\ntruly descriptive thereof.\n 2. Every credit union shall preserve all of its records of original\nand final entry, including cancelled checks, withdrawal slips and\ndeposit tickets, for a period of at least six years from the date of\nmaking same or from the date of the last entry thereon; provided,\nhowever, that preservation of photographic reproduction thereof or\nrecords in photographic form shall constitute compliance with the\nrequirements of this section.\n