Used in casual settings among friends or colleagues, not in formal situations. When the game finished, Dave told everyone to pony up for the snacks they had.
Pro Tip 2/3
Expectation of Payment
Implies that payment is overdue or part of a prior agreement. The landlord dropped by and said, 'Time to pony up the rent.'
Pro Tip 3/3
Friendly Pressure
Often used to nudge someone in a friendly way to pay their share. We've waited long enough, so please pony up what you owe for the trip.