NY UCC § 4-A-302 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4-A - Funds Transfers Part 3 - Execution of Sender's Payment Order by Receiving Bank 4-A-302 - Obligations of Receiving Bank in Execution of Payment Order.

Section 4-A-302. Obligations  of  Receiving Bank in Execution of Payment                    Order.  (1) Except  as  provided  in  subsections  (2)  through  (4);  if  the receiving  bank  accepts  a  payment order pursuant to subsection (1) of Section 4-A-209, the bank has the following obligations in executing the order:       (a) The receiving bank is obliged  to  issue,  on  the  execution            date,  a  payment order complying with the sender's order and            to  follow  the  sender's  instructions  concerning  (i)  any            intermediary  bank  or  funds-transfer  system  to be used in            carrying out the funds transfer, or (ii) the means  by  which            payment  orders  are to be transmitted in the funds transfer.            If the  originator's  bank  issues  a  payment  order  to  an            intermediary  bank,  the  originator's  bank  is  obliged  to            instruct the intermediary bank according to  the  instruction            of the originator. An intermediary bank in the funds transfer            is  similarly  bound  by  an  instruction  given to it by the            sender of the payment order it accepts.       (b) If the sender's instruction states that the funds transfer is            to be carried out  telephonically  or  by  wire  transfer  or            otherwise  indicates that the funds transfer is to be carried            out by the most expeditious  means,  the  receiving  bank  is            obliged to transmit its payment order by the most expeditious            available  means,  and  to  instruct  any  intermediary  bank            accordingly. If a sender's instruction states a payment date,            the receiving bank is obliged to transmit its  payment  order            at  a time and by means reasonably necessary to allow payment            to the beneficiary on the payment date or as soon  thereafter            as is feasible.  (2)  Unless otherwise instructed, a receiving bank executing a payment order may (i) use any funds-transfer system if use  of  that  system  is reasonable  in  the circumstances, and (ii) issue a payment order to the beneficiary's bank or to an intermediary bank through  which  a  payment order  conforming  to  the sender's order can expeditiously be issued to the beneficiary's bank if the receiving bank exercises ordinary care  in the selection of the intermediary bank. A receiving bank is not required to  follow  an  instruction  of  the sender designating a funds-transfer system to be used in carrying out the funds transfer  if  the  receiving bank,  in  good  faith, determines that it is not feasible to follow the instruction  or  that  following  the  instruction  would  unduly  delay completion of the funds transfer.  (3)  Unless  paragraph  (b) of subsection (1) applies or the receiving bank is otherwise instructed, the bank may execute a  payment  order  by transmitting  its  payment  order  by  first  class mail or by any means reasonable in the circumstances. If the receiving bank is instructed  to execute  the  sender's  order  by  transmitting  its  payment order by a particular means, the receiving bank may issue its payment order by  the means stated or by any means as expeditious as the means stated.  (4)  Unless  instructed  by  the sender (i) the receiving bank may not obtain payment of its charges for services and  expenses  in  connection with  the  execution of the sender's order by issuing a payment order in an amount equal to the amount of the sender's order less the  amount  of the  charges,  and  (ii) may not instruct a subsequent receiving bank to obtain payment of its charges in the same manner.