The theory for the dynamical spin susceptibility within the t-J model is developed, as relevant for the resonant magnetic peak and normal-state magnetic response in superconducting (SC) cuprates. The analysis is based on the equations of motion for spins and the memory-function presentation of magnetic response where the main damping of the low-energy spin collective mode comes from the decay into fermionic degrees of freedom. It is shown that the damping function at low doping is closely related to the c-axis optical conductivity. The analysis reproduces doping-dependent features of the resonant magnetic scattering. PACS numbers: 71.27.+a, Since its discovery in inelastic neutron scattering experiments in superconducting (SC) YBa 2 Cu 3 O 7 [1], the magnetic resonance peak has been the subject of numerous experimental investigations as well as theoretical analyses and interpretations. The magnetic peak has been systematically followed in YBa 2 Cu 3 O 6+x (YBCO) into the underdoped regime [2,3,4], where the resonant frequency ω r decreases while the peak intensity is increasing. Its pronounced appearance is still related to the onset of SC, although it could start appearing even at T > T c . More recent results confirm similar behavior in Bi2212 and Tl2201 cuprates [5].Several theoretical hypotheses have been considered for the origin of the resonant peak: that it is a bound state in the electron-hole excitation spectrum [6], a consequence of a novel symmetry between antiferromagnetism (AFM) and SC [7] and that it represents collective spin-wave-like mode induced by strong AFM correlations [8,9]. There is also an ongoing debate whether the resonant peak is intimately related to the mechanism of SC and whether it can account for anomalies in single-electron properties, as tested in angle resolved photoemission spectroscopy.The scenario of a resonant mode as a collective magnetic mode seems to correspond well to experimental facts, in particular the qualitative development of the resonant mode with doping and its onset for T < T c . Still the status of the theory of the resonant mode, and moreover of the magnetic response in cuprates in general, is not satisfactory, both from the point of understanding and of the appropriate analytical method. Relevant microscopic models, such as the Hubbard model and the t-J model have been so far studied in the weak coupling or random-phase approximation [6], neglecting strong correlations. The latter have been considered using a Hubbard-operator technique [10], and more recently within the self-consistent slave-boson approach [11], self-consistent spin-fluctuation method [12], as well as within the phenomenological spin-fermion model [8,9].Our aim is to develop a theory of the dynamical spin susceptibility χ q (ω) within the t-J model. The natural approach to analyse collective modes is the memory-function formalism [13]. In analogy to the previous study of spectral functions [14] we employ the method of equations of motion (EQM) to generate the spin dynamics and in particul...