What Is This Form For? If you would like to begin Direct Deposit or modify how your funds are distributed, you must complete Form AC 2772 with your banking information.In signing this form,. This functionality allows NYS employees to enroll in direct deposit and update their existing direct deposit and bank account information. The purpose of this task is to record an employee's direct deposit information in the Payroll System. This will enable the employee's net pay to be deposited. How do I fill this out?