It contains a village also named Deposit, the western portion of which is located in the adjacent town of Sanford in Broome County.[3] The town name was derived from the deposits of logs made by lumbermen,[4] prior to forming rafts to float down the Delaware River; usually to Philadelphia.The village is located at the confluence of Oquaga Creek and the West Branch of the Delaware River.The southern end of New York State Route 8 is at NY 17 just south of the village of Deposit.The Cannonsville Reservoir, which supplies the New York City water system, is located on the West Branch of the Delaware River, 3 miles (5 km) upstream (east) of Deposit.