Section 4-A-501. Variation by Agreement and Effect of Funds-Transfer System Rule

(1) Except as otherwise provided  in  this  Article,  the  rights  and
  obligations of a party to a funds transfer may be varied by agreement of
  the affected party.
    (2)  "Funds-transfer  system  rule"  means a rule of an association of
  banks (i) governing  transmission  of  payment  orders  by  means  of  a
  funds-transfer  system of the association or rights and obligations with
  respect to those orders, or (ii) to the extent the rule  governs  rights
  and  obligations  between  banks that are parties to a funds transfer in
  which a Federal Reserve Bank, acting as an intermediary  bank,  sends  a
  payment order to the beneficiary's bank. Except as otherwise provided in
  this   Article,  a  funds-transfer  system  rule  governing  rights  and
  obligations  between  participating  banks  using  the  system  may   be
  effective  even  if  the rule conflicts with this Article and indirectly
  affects another party to the funds transfer who does not consent to  the
  rule.   A   funds-transfer  system  rule  may  also  govern  rights  and
  obligations of parties other than participating banks using  the  system
  to  the  extent  stated in subsection (3) of Section 4-A-404, subsection
  (4) of Section 4-A-405, and subsection (3) of Section 4-A-507.