§12A-4A-401.

§12A-4A-401.
   
   PAYMENT DATE
   
   "Payment date" of a payment order means the day on which the amount of
   the order is payable to the beneficiary by the beneficiary's bank. The
   payment date may be determined by instruction of the sender but cannot
   be earlier than the day the order is received by the beneficiary's
   bank and, unless otherwise determined, is the day the order is
   received by the beneficiary's bank.