N.Y. Civil Practice Law & Rules § 1348: Undertaking for cancellation of notice of pendency

§ 1348. Undertaking for cancellation of notice of pendency. The court,

upon motion of any person aggrieved and upon such notice of pendency as

it may require, may direct any county clerk to cancel a notice of

pendency, upon such terms as are just, whether or not the judgment

demanded would affect specific real property, if the moving party shall

give an undertaking in an amount to be fixed by the court, and if the

court finds that adequate relief can be secured to the claiming

authority by the giving of such an undertaking.