New York Electronic Funds Transfer (EFT) Authorization Form is a form used by businesses in New York to authorize electronic transfers of funds from one account to another. The form can be used to authorize automatic debits and direct deposits to bank accounts. It is used to set up payments for goods or services, as well as for business-to-business payments. There are two types of New York Electronic Funds Transfer (EFT) Authorization Form: the one-time authorization form and the recurring authorization form. The one-time authorization form is used for a one-time payment and the recurring authorization form is used for recurring payments, such as monthly payments. Both forms require the same information, including the name and contact information of the customer, the account numbers for both the sending and receiving accounts, and the type of payment being sent.