N.Y. Comp. Codes R. & Regs. tit. 3, Sup. Pol. FB § 2.1
No foreign banking corporation may establish, maintain or use a representative office in this State without having first obtained a license from the Superintendent of Financial Services (“superintendent”). Representative offices of foreign banking corporations that were lawfully registered under article V-B of the Banking Law on or before September 1, 1992 shall be required to obtain a license from the superintendent to maintain such representative office prior to September 1, 1994.