N.Y. STF Law § 179-G
This is the official text of N.Y. STF Law § 179-G, part of New York’s STF Law — part of the compiled statutory law of New York, published by the state as "STF Law." Browse the sections below, each linked to its official government source.
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Computation of interest payment
Official statutory text
§ 179-g. Computation of interest payment. Interest payments on amounts\ndue to a contractor pursuant to this article shall be paid to the\ncontractor for the period beginning on the day after the required\npayment date and ending on the payment date for those payments required\naccording to this article and shall be paid at the rate of interest in\neffect on the date when the interest payment is made. Notwithstanding\nany other provision of law to the contrary, interest shall be computed\nat the rate equal to the overpayment rate set by the commissioner of\ntaxation and finance pursuant to subsection (e) of section one thousand\nninety-six of the tax law.\n
Status: in_force · Read it on the official government site
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