N.Y.C. Admin. Code § 20-329: § 20-329 Payments of judgments.

Every license issued pursuant to this subchapter shall be subject to suspension or revocation upon the failure of such licensee to pay or satisfy any judgment secured against him or her by anyone who stored or parked a motor vehicle in the garage or parking lot licensed hereunder, provided that such judgment was secured in a court of competent jurisdiction against the licensee for acts of commission or omission with regard to the business maintained, operated or conducted by him or her pursuant to the license issued hereunder.