N.Y. PVH Law § 558
This is the official text of N.Y. PVH Law § 558, part of New York’s PVH Law — part of the compiled statutory law of New York, published by the state as "PVH Law." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Subsidies
Official statutory text
§ 558. Subsidies. 1. The obligation of the state to pay periodic\nsubsidies to an authority or municipality for a project which has been\nleased or sold to a housing company, and the obligation of a\nmunicipality to make subsidies in at least an equal amount, as required\nby section seventy-three of the public housing law, shall cease as of\nthe last day of the fiscal year next after the effective date of the\ngrant, sale, lease or conveyance.\n 2. In the event that an authority or municipality which has granted,\nsold, leased or conveyed a project to a housing company, for any reason\nor in any way resumes possession of such project, the obligations of the\nstate and municipality to pay subsidies, as provided by the terms of\nsection seventy-three of the public housing law, shall be deemed\nrestored as of the first day of the fiscal year next prior to the date\nof such resumption of possession of such project.\n
Status: in_force · Read it on the official government site
Need a lawyer in New York?
Find a New York lawyer
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.