Section 677. Decedents' accounts, withdrawals by authorized persons

1. The
  maximum withdrawal permissible by law for purposes of this section shall
  be the  amount  permitted  to  be  paid,  without  the  consent  of  the
  commissioner  of  taxation  and  finance,  under  rules  or  regulations
  promulgated  by  such  commissioner  pursuant  to  section  one  hundred
  seventy-one of the tax law.
    3.  Notwithstanding  the foregoing, no banking organization or foreign
  banking corporation shall be required to make any  payment  pursuant  to
  this  section  if  (a) it has notice of an adverse claim with respect to
  any such savings or time deposits or shares standing on its books to the
  credit of the decedent, or (b) there is in effect an  order,  injunction
  or  other  appropriate  process  of  a  court  of competent jurisdiction
  restraining such payment, or (c) it has notice that such  payment  would
  violate  the  terms  of  a legal and valid trust, or (d) such payment is
  inconsistent with any federal laws or regulations.
    4. Such payments  as  any  banking  organization  or  foreign  banking
  corporation  is  required  to  make  pursuant to this section shall be a
  valid and sufficient release and discharge to such banking  organization
  or foreign banking corporation for any payment so made.