N.Y. Comp. Codes R. & Regs. tit. 12 § 325-6.18
The dispute forum shall select from the panel of arbitrators, on a rotational basis, an arbitrator who will hear the case and shall submit the name of the arbitrator to each party to the arbitration. Any person appointed as an arbitrator shall disclose to the dispute forum any circumstance likely to affect impartiality, including any bias, financial and/or personal interest in arbitration. Upon receipt of such information from the arbitrator or another source, the dispute forum shall communicate the information to the parties, and if it deems appropriate to do so, to the arbitrator and other interested parties. If a party objects to the appointment of an arbitrator, the specific grounds for such objection shall be submitted in writing to the dispute forum, which shall determine within 15 days after receipt of the challenge whether the arbitrator shall be disqualified. The dispute forum shall determine whether the arbitrator shall be disqualified and shall notify the parties of its decision, which shall be final and binding. In the event an arbitrator shall resign, be disqualified or be otherwise unable to perform his or her duties, the dispute forum shall appoint another arbitrator.
N.Y. Comp. Codes R. & Regs. Tit. 12 § 325-6.18