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The Laws of New York
Consolidated Laws of New York
CHAPTER 38
Uniform Commercial Code
ARTICLE 3
Commercial Paper
PART 4
Liability of Parties
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SECTION 3-417
Warranties on Presentment and Transfer
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PART 4
Liability of Parties
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SECTION 3-419
Conversion of Instrument; Innocent Representative
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SECTION 3-418
Finality of Payment or Acceptance
Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 3, PART 4
Section 3--418. Finality of Payment or Acceptance.

Except for recovery of bank payments as provided in the Article on
Bank Deposits and Collections (Article 4) and except for liability for
breach of warranty on presentment under the preceding section, payment
or acceptance of any instrument is final in favor of a holder in due
course, or a person who has in good faith changed his position in
reliance on the payment.