New York Consolidated Laws, Uniform Commercial Code - UCC § 4-105. “Depositary Bank”;  “Intermediary Bank”;  “Collecting Bank”;  “Payor Bank”;  “Presenting Bank”;  “Remitting Bank”

(a) “Depositary bank” means the first bank to which an item is transferred for collection even though it is also the payor bank;

(b) “Payor bank” means a bank by which an item is payable as drawn or accepted;

(c) “Intermediary bank” means any bank to which an item is transferred in course of collection except the depositary or payor bank;

(d) “Collecting bank” means any bank handling the item for collection except the payor bank;

(e) “Presenting bank” means any bank presenting an item except a payor bank;

(f) “Remitting bank” means any payor or intermediary bank remitting for an item.