Curry was ordered to pay $197,000 in a civil case two years ago but did not pay. When he did not subsequently appear in court, Cook County Judge Alexander White issued the arrest warrant June 14, court records show.
The Cook County Sheriff's Department had been in touch with Curry's attorneys Wednesday, and the former Bulls player and Chicago native was to turn himself in, sheriff's department spokesman Steve Patterson said.
Curry will be allowed to remain free after posting bail, which is $150,000 for the charge.
"It's handled a little differently from when a warrant is issued in a violent crime," Patterson said, according to the Chicago Tribune.
Court records show that Christina White had filed a personal injury lawsuit against Curry, but her attorney, Larry Rogers, told the newspaper that the case is sealed and he could not discuss the details.
Curry began his career straight out of Thornwood High School with the Bulls in 2001-02. He was traded to the Knicks before the 2005-06 season after a controversy over how to treat a heart condition.
He signed a maximum contract with the Knicks. But after a couple of solid seasons, injuries slowed him significantly. He has played a combined 10 games the past two seasons.
He has averaged 13.3 points and 5.3 rebounds for his career