Time recordkeeping: What are the rules both nationally and in New York?

Q: What are the timekeeping requirements for hourly employees in New York State? Is the employer required to have a timekeeping method in place (time clock, employee writes down own hours, etc.) that shows day of the week, time in and out (meal breaks included) and total hours worked? Is this the definition of "complete and accurate time records of hours worked" under the NY Wage Theft Prevention Act? Or can employers just have the day of the week and the employee logs “8” hours as his/her hours worked for that day? – Connie, New York