N.Y. C.P.L.R. 2501

§ 2501. Undertaking; definition. Undertaking includes\n 1. Any obligation, whether or not the principal is a party thereto,\nwhich contains a covenant by a surety to pay the required amount, as\nspecified therein, if any required condition, as specified therein or as\nprovided in subdivision (c) section 2502, is not fulfilled; and\n 2. any deposit, made subject to the required condition, of the\nrequired amount in legal tender of the United States or in face value of\nunregistered bonds of the United States or of the state.\n