2015 New York Laws
TAX - Tax
Article 18 - (Tax) TAXES ON ALCOHOLIC BEVERAGES
422 - Bonds of distributors.

  422.  Bonds  of  distributors.  The  tax commission may require any
  distributor to file with the department of taxation and finance  a  bond
  issued  by  a surety company approved by the superintendent of financial
  services as to solvency and responsibility and  authorized  to  transact
  business   in  the  state  or  other  security  acceptable  to  the  tax
  commission, in such amount as the tax commission may fix, to secure  the
  payment  of any sums due from such distributor pursuant to this article.
  The tax commission may require that such a bond  or  other  security  be
  filed  before  a  distributor  is registered, or at any time when in its
  judgment the same is necessary as a protection  to  the  revenues  under
  this  article.  If  securities  are  deposited  as  security  under this
  subdivision, such securities shall be kept in the joint custody  of  the
  comptroller and the commissioner of taxation and finance and may be sold
  by  the  tax  commission  if  it  becomes necessary so to do in order to
  recover any sums due from such distributor pursuant to this article; but
  no such sale shall be had until after such distributor  shall  have  had
  opportunity  to  litigate the validity of any tax if it elects so to do.
  Upon any such sale, the surplus, if any, above the sums due  under  this
  article, shall be returned to such distributor.