N.Y. Uniform Commercial Code Law Section 4-209
When Bank Gives Value for Purposes of Holder in Due Course

4‑201
Presumption and Duration of Agency Status of Collecting Banks and Provisional Status of Credits 4‑202
Responsibility for Collection 4‑203
Effect of Instructions 4‑204
Methods of Sending and Presenting 4‑205
Supplying Missing Indorsement 4‑206
Transfer Between Banks 4‑207
Warranties of Customer and Collecting Bank on Transfer or Presentment of Items 4‑208
Security Interest of Collecting Bank in Items, Accompanying Documents and Proceeds 4‑209
When Bank Gives Value for Purposes of Holder in Due Course 4‑210
Presentment by Notice of Item Not Payable by, Through or at a Bank 4‑211
Media of Remittance 4‑212
Right of Charge-Back or Refund 4‑213
Final Payment of Item by Payor Bank 4‑214
Insolvency and Preference