N.Y. Banking Law Section 85
Community bank deposit program

  • purpose
In recognition of the economic benefits and stimulus which result from the placement of deposits in local banks, the community bank deposit program is hereby created to authorize and encourage the state comptroller and the commissioner of taxation and finance to deposit a portion of the funds under their control into community banking institutions.

Source: Section 85 — Community bank deposit program; purpose, https://www.­nysenate.­gov/legislation/laws/BNK/85 (updated Sep. 22, 2014; accessed Feb. 7, 2026).

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Verified:
Feb. 7, 2026

Last modified:
Sep. 22, 2014

§ 85. Community bank deposit program's source at nysenate​.gov

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