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New York State Department of Labor Division of Labor Standards Guidelines Direct Deposit of Wages in a Bank or Financial Institution The New York State Labor Law provides as follows: Section 192.
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Labor NY direct deposit is a method of electronically transferring an employee's wages directly into their bank account.
Employers in New York State are required to offer direct deposit as a method of wage payment to their employees.
Employers can enroll with their bank to set up direct deposit for their employees, then collect the necessary information from each employee to process the payments.
The purpose of Labor NY direct deposit is to provide a convenient and efficient way for employees to receive their wages.
Employers must report the employee's bank name, account number, and routing number when setting up direct deposit.
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