New York Codes, Rules and Regulations
Title 21 - Miscellaneous
Chapter L - New York State Urban Development Corporation
Part 4214 - Prompt Payment Policy Statement
Section 4214.1 - Statement of purpose
Universal Citation: 21 NY Comp Codes Rules and Regs ยง 4214.1
Current through Register Vol. 45, No. 52, December 27, 2023
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.
Disclaimer: These regulations may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
