New York Law · Updated March 2026

New York Contractor Deposit Laws: What Homeowners Must Know Before Signing

New York has no general deposit cap — but it has something stronger: a mandatory escrow requirement for all pre-completion payments. And for roofing work, NY law bans deposits entirely.

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NY Contractor Deposit Law: The Short Answer

Statutory deposit cap (general)No cap — but escrow required
Roofing deposit cap$0 — roofing contractors cannot require any deposit (GBL § 771-b)
Escrow requirementAll pre-completion payments must be escrowed in NY bank within 5 days (Lien Law § 71-a)
Escrow disclosureContractor must tell you where funds are held within 10 business days
Progress payment standardMust bear "reasonable relationship" to work completed (GBL § 771)
Contractor licensingRequired in NYC, Suffolk, Nassau, Westchester, Putnam, Rockland counties
Cancellation right3 business days to cancel (GBL § 771(h))

The Rule That Matters Most: New York's Escrow Requirement

New York doesn't cap deposits, but it does something arguably more protective: under NY Lien Law § 71-a(4), every dollar you pay a contractor before project completion must be held in a trust account at a New York State bank. The contractor cannot use those funds for anything other than your project.

This means a contractor who takes a 40% deposit in New York is legally required to put that money into escrow within 5 business days and must disclose in writing where those funds are held within 10 business days. If they don't, they're in violation of state law.

In lieu of escrowing, a contractor may post a bond, contract of indemnity, or irrevocable letter of credit guaranteeing the return or proper application of your payments. This is disclosed in the contract.

What to ask your NY contractor:

“Where will my deposit be held in escrow, and can you confirm this in writing as required by NY Lien Law § 71-a?”

A contractor who cannot answer this question may not be complying with New York law.

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Roofing Contractors: Zero Deposit Allowed in New York

Under NY General Business Law § 771-b, roofing contractors in New York State cannot require any upfront deposit for work or materials before starting the job. This is one of the strongest homeowner protections in any state.

What roofing contractors can do:

  • • Invoice for materials cost upon delivery to your property (with written disclosure of material cost in advance)
  • • Invoice the remaining balance upon successful completion of all work

If a NY roofing contractor demands an upfront deposit, they are violating state law. Report them to the NY Attorney General's office.

New York's “Reasonable Relationship” Standard

For non-roofing home improvement work, NY GBL § 771(f) requires that any schedule of progress payments must bear a “reasonable relationship” to the amount of work performed, materials purchased, or expenses incurred at the time of payment.

In plain terms: you should not be paying for work that hasn't happened yet. While NY law allows larger deposits than some states, those deposits must be proportionate to actual costs the contractor has incurred or will incur before the next payment is due.

Acceptable under NY law

A 20% deposit on a $50,000 kitchen remodel to cover material orders and crew scheduling costs before demolition begins.

Questionable under NY law

A 50% deposit on a $50,000 kitchen remodel with no itemized justification for why $25,000 is needed before work starts.

Likely violation

A roofing contractor requiring any deposit before delivering materials or starting work.

County-Level Contractor Licensing in New York

Unlike Connecticut's statewide registration system, New York handles contractor licensing at the county level. Requirements vary significantly based on where your home is located.

County / AreaLicensing Required?How to Verify
New York City (5 boroughs)Yes — NYC DCA Home Improvement Contractor licensea-b.nyc.gov/lic
Westchester CountyYes — Westchester County license requiredwestchestergov.com/licensing
Nassau CountyYes — Nassau licensing requirednassaucountyny.gov
Suffolk CountyYes — Suffolk licensing requiredsuffolkcountyny.gov
Putnam CountyYes — Putnam licensing requiredputnamcountyny.gov
Rockland CountyYes — Rockland licensing requiredco.rockland.ny.us
All other NY countiesNo county license — GBL Article 36-A still appliesCheck local municipality for any town/village requirements

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Frequently Asked Questions

What is the maximum deposit a contractor can charge in New York?+
New York has no statutory maximum deposit for general home improvement work. However, all payments you make before project completion must be deposited in a New York State bank escrow account within 5 business days under Lien Law § 71-a(4). For roofing specifically, GBL § 771-b prohibits any upfront deposit — it's one of the strictest homeowner protections of any state.
My NY roofing contractor asked for a 30% deposit. Is that legal?+
No. Under NY GBL § 771-b, roofing contractors cannot require any deposit for work or materials before beginning the job. They may invoice for materials upon delivery to your property, and invoice the remaining balance upon completion. If a roofing contractor demands an upfront deposit, you can report them to the NY Attorney General's office at ag.ny.gov.
What is the escrow requirement for NY contractor payments?+
Under NY Lien Law § 71-a(4), any payment you make to a contractor before substantial completion must be deposited into a trust account at a New York bank within 5 business days. The contractor must then inform you in writing where your money is held within 10 business days. The purpose is to ensure your funds can only be used for your project.
Do I need to check if my New York contractor is licensed?+
It depends on where you live. Contractor licensing is required in NYC, Westchester, Nassau, Suffolk, Putnam, and Rockland counties — these areas have the highest volume of contractor complaints in the state. In other NY counties, there is no county license requirement, but all contractors must comply with GBL Article 36-A. Always check with your municipality.
Can I cancel a home improvement contract in New York?+
Yes. Under GBL § 771(h), you have until midnight of the third business day after signing to cancel any home improvement contract. Cancellation must be in writing. This 3-day right applies to all NY home improvement contracts covered by GBL Article 36-A.

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