N.Y. Public Lands Law § 37: Collection, forfeiture and cancellation of purchase-money bonds

§ 37. Collection, forfeiture and cancellation of purchase-money bonds.

The commissioner of general services may direct the comptroller to sue

upon any bond heretofore received by the office of general services or

its predecessors including the state engineer, the commissioner of

transportation or the secretary of state on the sale of unappropriated

state lands, if any payment stipulated in such bond shall remain due one

year, or the commissioner may direct the sale of the land for the

payment of which such bond was given, and in case of such sale, all

previous payments made on account of such land shall be forfeited to the

people of the state, and the bonds may be delivered up and cancelled on

the surrender of the certificates of sale.