N.Y. Comp. Codes R. & Regs. tit. 21 § 4214.1
Current through Register Vol. 46, No. 50, December 11, 2024
The Prompt Payment Law, enacted by the New York State Legislature, requires State public authorities and public benefit corporations to pay their bills within specific time periods. The law also requires interest to be paid to vendors for unjustified late payments. This policy statement is adopted pursuant to subdivisions 2 and 3(a) of section 2880 of the Public Authorities Law of the State of New York, and is described below.
N.Y. Comp. Codes R. & Regs. Tit. 21 § 4214.1