N.Y. Comp. Codes R. & Regs. tit. 3 § 9.1
In enacting section three of chapter one of the Laws of 1994, the Legislature has found and declared that certain consumers residing in this State may be unable to afford, without undue financial hardship, the cost of maintaining a consumer transaction account at a banking institution located in this State. Consequently, as provided in section 14-f of the Banking Law, it is the policy of this State that, consistent with safe and sound banking practices, banking institutions shall make available lower cost banking services to consumers, provided that no banking institution shall be required to offer lower cost banking services at a cost to account holders which is less than the actual cost to the banking institution to provide such services.
N.Y. Comp. Codes R. & Regs. Tit. 3 § 9.1