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2023 New York Laws
GOB - General Obligations
Article 7 - Obligations Relating to Property Received as Security
Title 1 - Money Deposited as Security to Be Held in Trust in Certain Cases
7-106 - Money Deposited or Advanced for Certain Installations; Waiver Void.

Universal Citation:
NY Gen Oblig L § 7-106 (2023)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.
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§ 7-106. Money deposited or advanced for certain installations; waiver
  void.  1.  Whenever any non-public moneys shall be deposited or advanced
  by the owner of an occupied residential dwelling on a contract  for  the
  installation  of a private connection to a public sewer line as security
  for payments or to be applied to payments upon such contract  when  due,
  such  money,  with interest accruing thereon, if any, until repaid or so
  applied, shall continue to be  the  money  of  the  person  making  such
  deposit  or  advance  and shall be a trust fund in the possession of the
  person with whom such deposit or advance shall  be  made  and  shall  be
  deposited  in  a  bank,  trust  company,  savings bank, savings and loan
  association, federal savings and  loan  association  or  federal  mutual
  savings  bank  and  shall  not  be mingled with other funds or become an
  asset of such trustee.

2. Any provision of a contract whereby a person who has  deposited  or
  advanced  money  on  a  contract  for  the  installation  of  a  private
  connection to a public sewer line as security  for  payments  or  to  be
  applied  to payments upon such contract when due waives any provision of
  this section is absolutely void.

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