NY Gen Bus L § 177 (2021)
2021 New York Laws GBS - General Business Article 11 - Employment Agencies. 177 - Bonds and License Fees.

§  177.  Bonds  and  license  fees. 1. Every person licensed under the   provisions of this article to carry on the  business  of  an  employment   agency  shall  pay  to the commissioner a license fee in accordance with   the following schedule before such license is issued.  The  minimum  fee   for  said  license  shall  be  five  hundred  dollars, and for an agency   operating  with  more  than  four  placement  employees,  seven  hundred   dollars,  provided, however, that if the license is to run less than one   year, the fee shall be two hundred fifty dollars and three hundred fifty   dollars respectively, and if the license is to run less than six months,   the fee shall  be  one  hundred  twenty-five  dollars  and  one  hundred   seventy-five  dollars  respectively.  For the purpose of determining the   license fee which an employment agency shall pay, the applicant for such   license shall state in his application to the commissioner  the  average   number  of  placement  employees  employed by the applicant's employment   agency during the preceding calendar year; or, in  the  event  that  the   applicant  has  not  previously conducted an employment agency under the   provisions of this article, he or she shall state the average number  of   placement  employees which he or she reasonably expects will be employed   by the employment agency during the calendar year in which  the  license   is  issued.  If  the  application  for a license is denied or withdrawn,   one-half of the license fee provided herein shall  be  returned  to  the   applicant.  He  or she shall also deposit before such license is issued,   with the commissioner, a bond in the penal sum of five thousand  dollars   with  two  or  more  sureties or a duly authorized surety company, to be   approved by the commissioner, provided, however, that if  the  applicant   will  engage  in the recruitment of domestic or household employees from   outside the continental United States, or will conduct a modeling agency   the bond shall be in the penal sum of ten thousand dollars.2. The bond executed as provided in subdivision one  of  this  section   shall  be  payable to the people of the state of New York or of the city   of New York, as the case may be,  and  shall  be  conditioned  that  the   person applying for the license will comply with this article, and shall   pay  all damages occasioned to any person by reason of any misstatement,   misrepresentation, fraud or deceit, or any unlawful act or  omission  of   any  licensed  person,  his agents or employees, while acting within the   scope of their employment, made, committed or omitted  in  the  business   conducted  under  such license, or caused by any other violation of this   article in carrying on the business for which such license  is  granted.   The  bond  also  shall  be  conditioned that the person applying for the   license shall pay the commissioner all fines imposed pursuant to section   one hundred eighty-nine of this article.3.  If  at  any  time  the  surety  or  sureties  become   financially   irresponsible  in  the  judgment  of  the  commissioner or insolvent the   licensed person shall, upon notice from the  commissioner,  file  a  new   bond,  subject  to the provisions of this section. The failure to file a   new bond, within ten days after such notice, in the  discretion  of  the   commissioner,  shall  operate  as  a  revocation of such license and the   license shall be thereupon returned to the commissioner.