N.Y. Vehicle & Traffic Law Section 333
Payments sufficient to satisfy requirements of this article

Every judgment herein referred to shall for the purpose of this article only be deemed satisfied:

(a)

When twenty-five thousand dollars has been credited upon any judgment or judgments rendered in excess of that amount because of bodily injury to or when fifty thousand dollars has been credited upon any judgment or judgments rendered in excess of that amount because of death of one person as the result of any one accident; or

(b)

When subject to such limit of twenty-five thousand dollars because of bodily injury to or fifty thousand dollars because of death of one person, the sum of fifty thousand dollars has been credited upon any judgment or judgments rendered in excess of that amount because of bodily injury to or when one hundred thousand dollars has been credited upon any judgment or judgments rendered in excess of that amount because of death of two or more persons as the result of any one accident; or

(c)

When ten thousand dollars has been credited upon any judgment or judgments rendered in excess of that amount because of injury to or destruction of property of others as a result of any one accident. Payments made in settlement of any claims because of bodily injury, death or property damage arising from a motor vehicle accident shall be credited in reduction of the amounts provided for in this section.

Source: Section 333 — Payments sufficient to satisfy requirements of this article, https://www.­nysenate.­gov/legislation/laws/VAT/333 (updated Sep. 22, 2014; accessed Apr. 27, 2024).

330
Commissioner to administer article 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 337
Suspension, duration 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 343
Proof of financial responsibility by certificate showing motor vehicle liability policy obtained 344
Certificate furnished by non-resident 345
Motor vehicle liability policy 346
Proof of financial responsibility not required after February first, nineteen hundred fifty-seven 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 359
Definitions 360
Exceptions 361
Self-insurers 362
Article not to repeal other motor vehicle laws 363
Expenses of administering article 364
Uniformity of interpretation 365
Short title 366
Past application of article 367
This article does not prevent other process 368
Constitutionality
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Accessed:
Apr. 27, 2024

Last modified:
Sep. 22, 2014

§ 333’s source at nysenate​.gov

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