New York Security.

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    §  6-113  Security.  Each  bidder  whose  bid  is  accepted shall give
  security for the faithful performance of his  or  her  contract  in  the
  manner  prescribed  in  the  regulations  of  the board of estimate. The
  adequacy and sufficiency of such security, as well as the  justification
  and  acknowledgment  thereof,  shall  be  subject to the approval of the
  comptroller.