N.Y. U.C.C. 4-a-504

Section 4-A-504. Order in Which Items and Payment Orders May Be Charged\n to Account; Order of Withdrawals From Account.\n (1) If a receiving bank has received more than one payment order of\nthe sender or one or more payment orders and other items that are\npayable from the sender's account, the bank may charge the sender's\naccount with respect to the various orders and items in any sequence.\n (2) In determining whether a credit to an account has been withdrawn\nby the holder of the account or applied to a debt of the holder of the\naccount, credits first made to the account are first withdrawn or\napplied.\n