N.Y. Real Property Tax Law § 950: Satisfaction of undertaking of collecting officer

§ 950. Satisfaction of undertaking of collecting officer. Upon the

settlement of the account of taxes of a collecting officer in any city

or town, the county treasurer shall, if requested, and if the collecting

officer has fully paid over or duly accounted for all the taxes which he

was by law to collect, give to such collecting officer or any of his

sureties a written certificate of such settlement, duly acknowledged.

Upon the filing thereof in the office of the clerk where the undertaking

is recorded, the clerk shall enter satisfaction of such undertaking. The

filing of the satisfaction shall discharge the lien of the undertaking

upon the real property of the collecting officer and his sureties, but

in no way shall impair the liability of the collecting officer and his

sureties upon the undertaking for a failure on the part of the

collecting officer to pay over moneys collected by him.