New York Laws
Article 11-A - Interest Payments on Certain Amounts Owed by State
179-G - Computation of Interest Payment.

§ 179-g. Computation of interest payment. Interest payments on amounts
due to a contractor pursuant to this article shall be paid to the
contractor for the period beginning on the day after the required
payment date and ending on the payment date for those payments required
according to this article and shall be paid at the rate of interest in
effect on the date when the interest payment is made. Notwithstanding
any other provision of law to the contrary, interest shall be computed
at the rate equal to the overpayment rate set by the commissioner of
taxation and finance pursuant to subsection (e) of section one thousand
ninety-six of the tax law.

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