N.Y. CVP Law § 2502

§ 2502. Surety; form of affidavit; two or more undertakings;\ncondition; acknowledgment. (a) Surety; form of affidavit. Unless the\ncourt orders otherwise, surety shall be:\n 1. an insurance company authorized to execute the undertaking within\nthe state, or\n 2. a natural person, except an attorney, who shall execute with the\nundertaking his affidavit setting forth his full name and address and\nthat he is domiciled within the state and worth at least the amount\nspecified in the undertaking exclusive of liabilities and of property\nexempt from application to the satisfaction of a judgment.\n (b) Two or more undertakings. Where two or more undertakings are\nauthorized or required to be given, they may be contained in the same\ninstrument.\n (c) Condition. Where no condition is specified in an undertaking in an\naction or proceeding, the condition shall be that the principal shall\nfaithfully and fairly discharge the duties and fulfill the obligations\nimposed by law, or court order. Where the condition specifies that the\nundertaking is to be void upon payment of an amount or performance of an\nact, the undertaking shall be construed in accordance with the\nprovisions of section 7-301 of the general obligations law.\n (d) Acknowledgment. The undertaking shall be acknowledged in the form\nrequired to entitle a deed to be recorded.\n