(b) All money or securities so delivered to the commissioner shall be
placed by the commissioner in the custody of the commissioner of
taxation and finance and shall be subject to execution to satisfy any
judgment mentioned in this article within the limits of coverage and
subject to the limits on amounts required by this article for motor
vehicle liability policies, and if such moneys or securities shall be
otherwise subjected to attachment or any execution, the depositor shall
immediately furnish such additional moneys or securities, not otherwise
subjected to attachment or execution, to meet the requirements of this
section.
(c) The commissioner shall not accept such money or securities unless
accompanied by evidence that there are no unsatisfied judgments against
such person registered in the office of the county clerk of the county
where such person resides.
Structure New York Laws
Article 7 - Motor Vehicle Safety Responsibility Act
330 - Commissioner to Administer Article; May Require Proof; Court Review.
331 - Proof Required Upon Certain Convictions.
332 - Proof Required in the Event of Certain Judgments.
333 - Payments Sufficient to Satisfy Requirements of This Article.
334 - Suspension Waived Upon Payment of Judgment in Installments.
335 - Security and Proof Required Following Accident.
336 - Duty of Courts to Report Judgments.
338 - Application to Non-Resident, Other Persons.
339 - Owner May Give Proof for Chauffeur or Member of Family.
340 - Surrender of License and Evidences of Registration.
341 - Amount of Proof Required.
342 - Alternate Methods of Giving Proof.
344 - Certificate Furnished by Non-Resident.
345 - Motor Vehicle Liability Policy.
348 - Article Not to Affect Other Policies.
349 - Filing a Bond as Proof of Financial Responsibility.
350 - Money or Securities Deposited as Proof of Financial Responsibility.
351 - Person Having Given Proof May Substitute Other Proof.
352 - If Proof Fails Commissioner May Require Other Proof.
353 - When Commissioner May Release Proof.
354 - Commissioner to Furnish Operating Record.
355 - Operating Without Giving Proof When Proof Required.
356 - Forging or Without Authority Signing Proof of Financial Responsibility.
357 - Failing to Report Convictions and Judgments.
358 - Otherwise Violating Article.
362 - Article Not to Repeal Other Motor Vehicle Laws.
363 - Expenses of Administering Article.
364 - Uniformity of Interpretation.
366 - Past Application of Article.