2006 New York Code - Bonds; General Provisions.

 
    §  27-4023  Bonds; general provisions. a. The commissioner may require
  the posting of a bond as a condition for  issuance  of  any  certificate
  required  by  this chapter or any rule promulgated thereunder. All bonds
  required to be given under the  provisions  of  this  chapter  shall  be
  approved  by  the comptroller as to the sufficiency of the sureties, and
  conditioned for the payment of any loss, damage or injury  resulting  to
  persons  or property by reason of carelessness, negligence or failure to
  comply with the requirements of this chapter and the  rules  promulgated
  thereunder  respecting  the  manufacture, transportation, storage, sale,
  handling or use, within the city, of any  article,  thing,  or  activity
  subject to the provisions of such chapter and rules, except that no bond
  shall  be  required  of  a  contractor  in  connection  with  work to be
  performed by such contractor under a contract with the city, provided he
  or she has filed a general indemnity bond covering  such  contract.  The
  commissioner  shall  establish  by  rule the amount of such bond, except
  where such amount is specified in this chapter.
    b. The commissioner may require or allow, in lieu of a  bond,  another
  form  of undertaking, including but not limited to a liability insurance
  policy, in an amount to be established by rule, and conditioned for  the
  payment  of  any  loss,  damage  or injury to persons or property as set
  forth in subdivision a of this section.