I purchased an item with cash and would like to return it for a cash refund but the store refuses—stating its policy is to offer store credit only. Is this legal?

 Under the New York State General Business Law, Section 218, a retailer must clearly post its returns and exchange policy, stating whether refunds are provided and under what conditions a refund will be given. Individual store policies may vary. Any retailer that violates Section 218 of the New York State General Business Law must offer a consumer the option of receiving cash or credit for up to 20 days on merchandise not used or damaged by the consumer.

Back More Info 
CPB's Consumer Law Help Manual
Click on Retail Practices in the Table of Contents for more information
URL: http://www.consumer.state.ny.us/clahm/Clahm-Retail_Practices.htm
Contact: Consumer Helpline
E-mail:webmaster@consumer.state.ny.us
Phone: 1-800 697-1220