N.Y. General Municipal Law Section 105
Disposition of deposit accompanying bid

Notwithstanding any inconsistent provision of any general, special or local law, whenever as a condition precedent to the reception or consideration of a bid for furnishing supplies, materials, or equipment or performing work for a political subdivision or any officer, board or agency thereof or of any district therein, a deposit of a certified check, money, bonds or other obligations is required, a person or corporation submitting a bid may withdraw the same if no award of the contract be made within forty-five days after the receipt thereof, and upon such withdrawal such deposit shall be forthwith returned. A certified check, money, bonds or other obligations or security deposited to secure a bid shall be retained under the jurisdiction and control of the chief fiscal officer or other officer of the political subdivision or district having custody of its money, until returned to the bidder or forfeited.

Source: Section 105 — Disposition of deposit accompanying bid, https://www.­nysenate.­gov/legislation/laws/GMU/105 (updated Sep. 22, 2014; accessed Jan. 3, 2026).

100
Definitions 100–A
Declaration of policy 101
Separate specifications for certain public work 102
Deposits on plans and specifications 103
Advertising for bids and offers 103–A
Ground for cancellation of contract by municipal corporations and fire districts 103–B
Disqualification to contract with municipal corporations and fire districts 103–C
Removal of disqualification of public contractors by petition 103–D
Statement of non-collusion in bids and proposals to political subdivision of the state 103–E
Conspiracies to prevent competitive bidding or competitive offering on public contracts 103–F
Security bonds 103–G
Iranian energy sector divestment 103–H
Restriction on purchasing certain technology which poses a security threat 104
Purchase through office of general services 104–A
Purchasing of products for public use 104–B
Procurement policies and procedures 104–C
Disposal of surplus computer equipment 104–D
The New York state buy American salt act 105
Disposition of deposit accompanying bid 106
Withdrawal of retained percentages 106–A
Service charge for receiving, handling and disbursing funds and coupons 106–B
Payment on public work projects 107
Claims against political subdivisions 108
Workmen’s compensation insurance on public works 109
Assignment of public contracts 109–A
Purchases through the office of general services by certain public associations 109–B
Installment contracts 109–C
Purchases through county contracts by certain not-for-profit corporations 109–D
Emergency vehicle warranties 109–E
Additional requirements for right-of-way permits
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Verified:
Jan. 3, 2026

Last modified:
Sep. 22, 2014

§ 105. Disposition of deposit accompanying bid's source at nysenate​.gov

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