New York Codes, Rules and Regulations
Title 21 - Miscellaneous
Chapter XXXVIII - New York State Project Finance Agency
Part 2301 - Prompt Payment Policy Statement
Section 2301.5 - Miscellaneous provisions

(a) Statement amendment. The agency shall have the power to amend this policy statement by promulgating amended rules and regulations at any time.

(b) Contract incorporation. The policy statement in effect at the time of the creation of a contract is hereby incorporated into and made a part of that contract.

(c) Public access. The agency shall make copies of this policy statement, as well as the annual report, available to the public upon reasonable request at the agency's main office. In addition, the agency shall provide a copy of this policy statement to each contractor.

(d) Inapplicability of statute. The statute authorizing this statement is not applicable to the agency's contracts with other governmental agencies, to interest on judgments rendered by a court against the agency pursuant to any other statute, or in situations where the agency exercises a legally authorized setoff against all or part of a payment due a contractor.

(e) Legal processes. The agency is under no liability to pay interest pursuant to the statute after a contractor has filed a claim or given notice of an intention to file a claim or commenced legal action for payment of interest.