What Is This Form For? In signing this form, I authorize my NYS salary payment to be sent to the designated financial institution(s) to be deposited into the specified account(s), and.Examples are provided below demonstrating how to complete these sections for different types of direct deposit transactions and combinations of transactions. 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. This functionality allows NYS employees to enroll in direct deposit and update their existing direct deposit and bank account information. Direct deposit is the fastest and easiest way to get your refund. If you mark an X in the box for direct deposit but don't enter complete and correct account.