New York Laws
Sub Part 2 - General Awards
669-G - The New York State Achievement and Investment in Merit Scholarship (Ny-Aims).

(i) first, to applicants who have received payment of an award
pursuant to this section in a prior year and remain in good academic
standing; and
(ii) second, to applicants in descending order based on the unmet need
to reach the full cost of attendance as indicated on the financial aid
award letter.
However, in the program's first year, first priority shall be in
accordance with subparagraph (ii) of this paragraph.
b. In the event that there are more applicants who have the same
priority than there are remaining scholarships, the president shall
distribute the remaining number of such scholarships by means of a
lottery or other form of random selection.
c. In each year, the awards made shall be proportionate to the total
applications received for students accepted for undergraduate study at
public and private not-for-profit degree granting institutions.
4. Awards. Within amounts appropriated therefor, the president shall
grant an annual award to eligible applicants on a competitive basis
pursuant to subdivisions two and three of this section in the amount of
five hundred dollars for not more than four academic years of
undergraduate study, or five academic years, if the program of study
normally requires five years as defined by the commissioner pursuant to
article thirteen of this chapter. Up to five thousand awards may be
granted to new recipients annually.
5. Offset. Such awards may be used to offset the applicant's total
cost of attendance determined for federal Title IV student financial aid
purposes.
6. Rules. The corporation is authorized to promulgate rules and
regulations, and may promulgate emergency regulations, necessary for the
implementation of the provisions of this section.