New York Codes, Rules and Regulations
Title 2 - DEPARTMENT OF AUDIT AND CONTROL
Chapter I - Audit Of Revenues And Accounts Payable From State Funds And Funds Under Its Control
Part 18 - Prompt Payment Processing
Interest Calculation
Section 18.5 - Interest eligibility
Universal Citation: 2 NY Comp Codes Rules and Regs ยง 18.5
Current through Register Vol. 46, No. 12, March 20, 2024
Interest shall be calculated and paid at the daily rate pursuant to section 18.6 of this Part on all interest-eligible payments, as determined in accordance with section 18.2 of this Part, when the payment date is more than 30 calendar days, excluding legal holidays, after the MIR date.
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