§490:4A-504  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account has been withdrawn by the holder of the account or applied to a debt of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withdrawn or applied. [L 1991, c 41, pt of §1]