New York Codes, Rules and Regulations
Title 2 - DEPARTMENT OF AUDIT AND CONTROL
Chapter IV - Miscellaneous Rules
Part 106 - Payroll Deductions From Salaries Of State Employees
Section 106.3 - Payroll deductions for payments to credit unions
Universal Citation: 2 NY Comp Codes Rules and Regs ยง 106.3
Current through Register Vol. 46, No. 12, March 20, 2024
Every State employee may specify in writing to the State Comptroller a certain amount to be deducted from his or her salary for payment to credit unions. The following rules shall apply to this program:
(a) Deductions for purchases of shares and repayment of loans will be combined into one amount.
(b) The minimum bi-weekly deduction is $5.
(c) Only one credit union deduction may be in effect at one time.
(d) The employee has the right to revoke authorization for payroll deductions at any time, by written notice to the State Comptroller.
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