Attorney Mark Belongia says the agreement was reached as part of a personal injury lawsuit that had led to a warrant for Curry's arrest.
A spokesman for the Cook County sheriff's office said Thursday that they haven't received any orders to quash the warrant.
Curry grew up in the Chicago area and played for the Bulls. Court records show the personal injury lawsuit was filed by Christina White.
Belongia says the parties have agreed on a payment plan and that Curry has already made the first payment.
A Knicks spokesman declined to comment.