Bni5 localizes to the Saccharomyces cerevisiae bud neck in a septin filament-dependent manner. Bni5 oligomerizes and binds cooperatively to septin Cdc11 and requires its C terminus to do so. Cooperative binding of Bni5 also requires the C terminus of Cdc11. Bni5 decorates paired septin filaments with hetero-octameric periodicity. Bni5 binding restrains and constricts the spacing between paired septin filaments.