NY 362 was assigned to its current routing as part of the 1930 renumbering of state highways in New York.

Past this junction, NY 362 turns northwest and heads under an abandoned railroad overpass as it leaves Bliss for less developed areas of the town of Eagle.

Outside of Bliss, the highway gradually turns to the north, serving a handful of scattered residences located in otherwise open and rolling terrain in the northern part of the town.

NY 362 eventually crosses into the town of Wethersfield, where the homes gradually give way to large cultivated fields ahead of the route's end at a rural junction with NY 78.

[3] On April 27, 1911, the state of New York awarded a contract to rebuild all of what is now NY 362.