NY Ret & SS L § 412 (2021)
2021 New York Laws RSS - Retirement and Social Security Article 8 - New York State and Local Police and Fire Retirement System Title 13 - Miscellaneous Provisions; Saving and Construction Clauses 412 - Bonds Required in Certain Cases.

§  412.  Bonds  required  in certain cases.   a. In any case where, by   order of  a  court  of  competent  jurisdiction,  the  police  and  fire   retirement  system is required to pay over a benefit which is payable in   installments and which is predicated upon the life of a beneficiary,  to   a  payee  other  than  the recipient who ordinarily would have taken the   benefit pursuant to the provisions of this article, such payee must file   a bond. The bond shall be in favor of the comptroller as  administrative   head  of  the  police and fire retirement system and shall indemnify him   against loss by reason of excess payment, to such payee, after  benefits   have ceased to become payable for any reason whatsoever.The  amounts of the bond shall be fixed by the court in a sum not less   than the total amount such payee is expected to take for a period of two   years. The bond with at least two  sureties  must  be  approved  by  the   court. It must be filed with the clerk of the court and a certified copy   thereof  served  upon the comptroller. Before the bond shall be approved   there shall be filed in  the  court  by  every  surety  an  acknowledged   instrument  wherein the surety designates the clerk of the court and his   successors in office as a  person  upon  whom  service  of  any  process   issuing  from  the court may be made in like manner and with like effect   as if served personally upon the surety, whenever such surety after  the   exercise of due diligence cannot be found and served within the state of   New York.Insofar  as  they  are consistent with this article, the provisions of   law relating to bonds and undertakings in a civil action in the  supreme   court shall apply to bonds required by this subdivision.b.  Notwithstanding any provisions to the contrary in subdivision a of   this section, if the retirement system is required to pay over a benefit   which is payable in installments and which is predicated upon  the  life   of  a  beneficiary,  to  a payee other than the recipient who ordinarily   would have taken the benefit pursuant to the provisions of this chapter,   such payee shall not be required to file a bond or any other undertaking   where such payment  is  required  by  order  of  a  court  of  competent   jurisdiction  as  the  result  of  an action or proceeding for equitable   distribution, alimony, maintenance or child support pursuant to  article   three-A  or  thirteen of the domestic relations law, article four of the   family court act, title six-A or six-B of article three  of  the  social   services  law, section fifty-two hundred forty-two of the civil practice   law and rules, or by an income  execution  issued  pursuant  to  section   fifty-two hundred forty-one of the civil practice law and rules.Upon  the  payment  of  such  benefit,  the retirement system shall be   relieved and held harmless from any and all liability for any  claim  of   excess  payment  which exists at the time with reference to such benefit   or may thereafter be made on account of such benefit.