N.Y. General Business Law Section 427
Preemption

1.

The provisions of this article shall exclusively govern all coin processors notwithstanding the provisions of any other law to the contrary and further, no local law shall be enacted which shall require any fee or license for the licensure or registration of coin processors.

2.

The provisions of this article shall not apply to any subsidiary of an entity organized and operating pursuant to the Bank Holding Company Act of 1956 (12 USCA 1841 et seq.).

Source: Section 427 — Preemption, https://www.­nysenate.­gov/legislation/laws/GBS/427 (updated Sep. 22, 2014; accessed Jan. 31, 2026).

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Verified:
Jan. 31, 2026

Last modified:
Sep. 22, 2014

§ 427. Preemption's source at nysenate​.gov

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