
Materials must be compatible. Shown here is an asphalt-coated flashing with a solvent-based mastic against a polymeric air barrier, which is not good.
First, we should understand what the codes require with regard to masonry flashings as these are somewhat ambiguous. To examine any masonry wall code, our first resource is usually TMS 402-13/ACI 530-13. In this code, flashing is referenced in a general manner:
Sealing lap joints is of high importance.
The 2012 version of the International Building Code also addresses flashing materials, in a slightly more specific manner, though meant to be applicable for many construction types other than masonry:
Penetrating a flashing is not ideal, but sometimes you have to – like here at a relieving angle bolt. Assure any penetrations are completely sealed and that they only occur on vertical legs.
While this code is still very broad, it does give us more of a directive. It provides some specific locations for flashing materials. It calls out for end dams. It also makes drainage a more imperative factor. Take the last part of 
Shown is a cell vent, fully opening head joint.
What is not addressed anywhere in our codes are items such as material durability, recommended installation methods of flashing materials, or the use of drip edges at the veneer face. For these general requirements or good practice topics, we look to technical papers written by our advising entities like the Brick Industry Association or the International Masonry Institute, or, of course, to the various manufacturers provided their track record is long in keeping with good masonry practices.
Shown is the beginning of vanadium staining due to a lack of ventilation in the wall. There were no vents at the wall top, and cotton ropes were used instead of open weeps at the bottom.
Changes have also recently occurred in the way self adhering flashings are manufactured. Until recently, most of these “peel and stick†membranes have been comprised of between four mils and eight mils of extruded polyethylene and between 32 mils and 36 mils of a rubberized asphalt adhesive. This technology has been left relatively unchanged over the better part of the last 30 years, but it has not been without its setbacks.