2012 New York Consolidated Laws
ABC - Alcoholic Beverage Control
Article 8 - (100 - 131) GENERAL PROVISIONS
112 - Bonds of licensees and permittees.

 
    § 112. Bonds  of  licensees  and  permittees. The liquor authority may
  require the licensees and permittees of one or  more  of  the  kinds  or
  classes  described  in this chapter to file with it a bond to the people
  of the state of New York issued by a surety  company,  approved  by  the
  superintendent  of  financial services as to solvency and responsibility
  and authorized to transact business in this state, in such penal sum  as
  the  liquor  authority may heretofore have prescribed or hereafter shall
  prescribe, conditioned that such licensee or permittee will  not  suffer
  or  permit  any violation of the provisions of this chapter and that all
  fines and penalties which shall accrue, during the time the  license  or
  permit  shall  be in effect, will be paid, together with all costs taxed
  or allowed in any action or  proceeding  brought  or  instituted  for  a
  violation of any of the provisions of this chapter. A suit to recover on
  any  bond  filed  pursuant  to chapter one hundred eighty of the laws of
  nineteen hundred thirty-three or this chapter  may  be  brought  by  the
  liquor  authority  or  on relation of any party aggrieved, in a court of
  competent jurisdiction and in the event that the obligor named  in  such
  bond  has  violated any of the conditions of such bond, recovery for the
  penal sum of such bond may be had in favor of the people of the state.