N.Y. Civil Practice Law & Rules § 2509: Control of assets by agreement with surety

§ 2509. Control of assets by agreement with surety. Any person of whom

an undertaking is required may agree with his surety for the deposit of

any assets for which his surety may be held responsible with a bank, or

safe deposit or trust company, authorized to do business in the state,

if such deposit is otherwise proper and in such manner as to prevent

withdrawal without the written consent of the surety or an order of

court, made on notice to the surety. The agreement shall not affect the

liability of the principal or surety as established by the terms of the

undertaking.