New York Laws
Article 11-B - Prompt Contracting and Interest Payments for Not-for-Profit Organizations
179-X - Federal Funds.

§ 179-x. Federal funds. The provisions of this article as they relate
to federal funds shall only be applicable to the extent a state agency
is in receipt of federal funds for a particular program; provided
however, the provisions of this article shall be applicable to federal
funds, including but not limited to funds such as petroleum overcharge
moneys, only to the extent that any required federal or court review or
approval process concerning the use of such funds has been completed,
and no notification of disapproval has been received by a state agency.
Any time frame contained within the provisions of this article shall run
from the date of the notification to a state agency of receipt of
federal funds, or the completion of any required federal or court review
or approval process, whichever is applicable, provided however that a
not-for-profit organization receiving federal funds to which such
timeframes are applicable shall be entitled to interest payments
pursuant to section one hundred seventy-nine-v of this article or after
one hundred twenty days following the state's receipt of federal funds
for the program, whichever is later.