Section 4--107. Time of Receipt of Items.\n (1) For the purpose of allowing time to process items, prove balances\nand make the necessary entries on its books to determine its position\nfor the day, a bank may fix an afternoon hour of two P.M. or later as a\ncut-off hour for the handling of money and items and the making of\nentries on its books.\n (2) Any item or deposit of money received on any day after a cut-off\nhour so fixed or after the close of the banking day may be treated as\nbeing received at the opening of the next banking day.\n
Time of Receipt of Items
N.Y. Uniform Commercial Code Law § 4-107, under General Provisions and Definitions.
N.Y. Uniform Commercial Code Law § 4-107