New York Laws
Title 2 - Establishment, Management, Supervision and Financing
17-C - Amortization of a Portion of the Bills for Participating Employers for the Two Thousand Five--Two Thousand Six Fiscal Year.

(1) the entire February first, two thousand six bill, calculated
pursuant to section twenty-three-a of this article (without reference to
this section) less the "amount eligible for amortization" determined
pursuant to subdivision a of this section; and
(2) the first annual installment of the "amount eligible for
amortization" determined pursuant to subdivision a of section
seventeen-b of this article, if applicable.
c. A participating employer making a payment pursuant to subdivision b
of this section shall pay on February first, two thousand seven an
amount determined by the comptroller by adding the following three
amounts together:
(1) the entire February first, two thousand seven bill, calculated
pursuant to section twenty-three-a of this article (without reference to
this section), less the "amount eligible for amortization" determined
pursuant to section seventeen-d of this article, if applicable;
(2) the first annual installment of the "amount eligible for
amortization" determined pursuant to subdivision a of this section; and
(3) the second annual installment of the "amount eligible for
amortization" determined pursuant to subdivision a of section
seventeen-b of this article, if applicable.
d. Amortized payments determined pursuant to section seventeen-b and
pursuant to this section shall be due and payable on February first of
each year during the applicable amortization period. The comptroller
shall have the authority to permit the pre-payment of the remaining
balance of the "amount eligible for amortization" determined pursuant to
both such sections subject to the following:
(1) on or before November fifteenth, two thousand six in addition to
the amount due for the current year billing and for the payment of the
amortized annual installment determined pursuant to section seventeen-b

and pursuant to this section, the comptroller shall advise the
participating employer of the total amount due and be authorized to
accept pre-payment in full of said amount by February first, two
thousand seven.
(2) on or before each November fifteenth thereafter, in addition to
the amount due for the current year billing and for the payment of the
annual amortized installments, the comptroller shall advise the
participating employer of the total amount still outstanding and be
authorized to accept the pre-payment of any balance remaining to be paid
by February first of the succeeding year.