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N.Y. LFN Law § 85.60

This is the official text of N.Y. LFN Law § 85.60, part of New York’s LFN Law — part of the compiled statutory law of New York, published by the state as "LFN Law." Browse the sections below, each linked to its official government source.

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Modification of plan

Official statutory text

§ 85.60 Modification of plan. At any time prior to the entry of an\norder approving or disapproving a repayment plan pursuant to section\n85.40 of this title, the municipality, with the approval of its\nfinancial emergency control board, or any such board with or without the\napproval of the municipality, may file modifications thereof, subject to\nthe power of the court to enter an order prohibiting the filing of a\nfurther modification if it finds, after a hearing, that such\nmodification or any prior modification or the repayment plan was not\nfiled in good faith. At any time subsequent to the entry of an order\napproving a repayment plan, any such modifications may only be filed by\nleave of the court, after a hearing. Upon the filing at any time of any\nmodification of a repayment plan, the court shall hold a hearing\npursuant to section 85.40 of this title and shall enter an order\ncontinuing or extending such stay as may then be in effect pursuant to\nsection 85.30 or 85.40 of this title for such additional period of time\nas may be required to permit the court to enter an order pursuant to\nsection 85.40 of this title with respect to the modified plan.\n

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.