N.Y. Public Officers Law § 12: Force and effect of official undertaking

§ 12. Force and effect of official undertaking. An officer of whom an

official undertaking is required, shall not receive any money or

property as such officer, or do any act affecting the disposition of any

money or property which such officer is entitled to receive or have the

custody of, before he shall have filed such undertaking; and any person

having the custody or control of any such money or property shall not

deliver the same to any officer of whom an undertaking is required until

such undertaking shall have been given. If a public officer required to

give an official undertaking, enters upon the discharge of any of his

official duties before giving such undertaking, the sureties upon his

undertaking subsequently given for or during his official term shall be

liable for all his acts and defaults done or suffered and for all moneys

and property received during such term prior to the execution of such

undertaking, or if a new undertaking is given, from the time notice to

give such new undertaking is served upon him. Every official undertaking

shall be obligatory and in force so long as the officer shall continue

to act as such and until his successor shall be appointed and duly

qualified, and until the conditions of the undertaking shall have been

fully performed. When an official undertaking is renewed pursuant to law

the sureties upon the former undertaking shall not be liable for any

official act done or moneys received after the due execution, approval

and filing of the new undertaking.