N.Y. UCC Law § 4-408

Section 4--408. Rights and Liabilities of Remitter or Payee With Respect\n to Cashier's Check, Teller's Check and Certified\n Check.\n (1) This section applies if a cashier's check, teller's check or\ncertified check is not presented for payment on or before ninety days\nfrom the date of issuance of a cashier's check or teller's check, or the\ndate of certification of a certified check.\n (2) The remitter or payee that causes payment of a cashier's check,\nteller's check or certified check to be stopped pursuant to Section\n4--403 (2) engages that upon dishonor of the check and any necessary\nnotice of dishonor he will pay, subject to defenses, the amount of the\ncheck to any subsequent holder or indorser who takes it up.\n (3) When a stop payment order pursuant to Section 4--403 (2) becomes\neffective the obligated bank shall refund the amount of the item to the\nremitter or payee that issued the stop payment order, and shall have no\nfurther liability on the item.\n