N.Y. Public Authorities Law § 1212-a: Security by authority

§ 1212-a. Security by authority. 1. Each provision of statute or rule

requiring a party to give security for the purpose of procuring an order

of arrest, an injunction order, or a warrant of attachment, or as a

condition of obtaining any other relief, or taking any proceeding; or

allowing the court or a judge to require such security to be given, is

to be construed as excluding an action brought by the authority; except

where the security to be given in such an action is specially regulated

by the provision in question.

2. In any action in which the authority shall be excused by statute

from giving security on procuring an order of arrest, an order of

injunction or a warrant of attachment, the authority shall be liable for

all damages that may be sustained by the opposite party by reason of

such order of arrest, attachment or injunction, in the same case and to

the same extent as sureties to an undertaking would have been if such an

undertaking had been given.

3. Upon an appeal taken by the authority, the service of the notice of

appeal perfects the appeal and stays the execution of the judgment or

order appealed from, without an undertaking or other security.