Deposit is located in Delaware County 31 miles east of Binghamton between McClure and Hale along Highway 17 near Cannonsville Reservoir. Deposit is in the Central Region of the state and part of the Binghamton, New York metro area.
One tradition says the name stems from this being the place where lumber was deposited until river waters were high enough to allow shipping to Philadelphia.
In addition to timber, early products included cigars, buttons, sleds and glass.