47-4A504. Order in which items and payment
orders may be charged to account; order of withdrawals from
account


A. If a receiving bank has received more than one payment order of the sender or
one or more payment orders and other items that are payable from the sender's account,
the bank may charge the sender's account with respect to the various orders and items in
any sequence.


B. In determining whether a credit to an account has been withdrawn by the holder
of the account or applied to a debt of the holder of the account, credits first made to
the account are first withdrawn or applied.