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Statutes » New York » GOB Law » Article 7

N.Y. GOB Law § 7-106

This is the official text of N.Y. GOB Law § 7-106, part of New York’s GOB Law — part of the compiled statutory law of New York, published by the state as "GOB Law." Browse the sections below, each linked to its official government source.

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Money deposited or advanced for certain installations; waiver void

Official statutory text

§ 7-106. Money deposited or advanced for certain installations; waiver\nvoid. 1. Whenever any non-public moneys shall be deposited or advanced\nby the owner of an occupied residential dwelling on a contract for the\ninstallation of a private connection to a public sewer line as security\nfor payments or to be applied to payments upon such contract when due,\nsuch money, with interest accruing thereon, if any, until repaid or so\napplied, shall continue to be the money of the person making such\ndeposit or advance and shall be a trust fund in the possession of the\nperson with whom such deposit or advance shall be made and shall be\ndeposited in a bank, trust company, savings bank, savings and loan\nassociation, federal savings and loan association or federal mutual\nsavings bank and shall not be mingled with other funds or become an\nasset of such trustee.\n 2. Any provision of a contract whereby a person who has deposited or\nadvanced money on a contract for the installation of a private\nconnection to a public sewer line as security for payments or to be\napplied to payments upon such contract when due waives any provision of\nthis section is absolutely void.\n

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.