2015 New York Laws
STF - State Finance
Article 9 - (State Finance) CONTRACTS
140 - Disposition of deposit accompanying bid.

  140.  Disposition  of  deposit  accompanying  bid.  Whenever  as  a
  condition precedent to the reception or consideration of a proposal  for
  construction,  alteration,  repair  or  improvement for the state or any
  department or officer thereof, a deposit of a  certified  check,  money,
  bonds,  corporate  stock, certificates of indebtedness, or otherwise, is
  required, a bidder under such proposal may withdraw his bid if no  award
  of  the contract be made within forty-five days after the receipt of the
  bids, and upon such withdrawal his deposit shall be  forthwith  returned
  to  him.  A  check, money, corporate stock, bond, or other security, the
  deposit of which is required by statute to secure  a  bid  upon  such  a
  proposal  shall  be  retained  under the jurisdiction of the comptroller
  until returned to the bidder,  or  forfeited  as  provided  by  the  law
  pursuant to which such proposal was made. The provisions of this section
  shall supersede the provisions of any act inconsistent herewith.