New York Codes, Rules and Regulations
Title 2 - DEPARTMENT OF AUDIT AND CONTROL
Chapter VI - New York State and Local Employees' Retirement System and New York State and Local Police and Fire Retirement System
Part 347 - Prepayment Of Amortized Contributions By Participating Employers Pursuant To Sections 17-a And 317-a Of The Retirement And Social Security Law
Section 347.5 - Interest

Universal Citation: 2 NY Comp Codes Rules and Regs § 347.5

Current through Register Vol. 46, No. 12, March 20, 2024

Prepayments of amortized contributions made under this Part shall be applied first to outstanding interest due. Prepayments of amortized contributions in amounts greater than the total amount of outstanding interest shall be applied to the outstanding amortized principal balance.

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