Adjust the oven rack to the middle position and preheat to 350°F. Coat a bundt pan generously with nonstick cooking spray and set aside.
In a medium bowl, whisk the cake flour and baking powder until well combined, then set aside.
In a large bowl or stand mixer, cream the butter and sugar on medium speed for 2-3 minutes until light and fluffy.
Mix in the milk, eggs, and vanilla, beating until well combined.
Incorporate the dry ingredients and mix until fully combined, ensuring no streaks of flour remain.
Fold the chocolate chips into the mixture.
Transfer the batter into the greased bundt pan and bake for 1 hour, or until a toothpick inserted in the center comes out clean.
Allow the cake to cool in the pan for 45 minutes, then carefully remove it and transfer it to a wire rack to cool completely.