State Codes and Statutes

Statutes > New-york > Stf > Article-11-a > 179-g

§ 179-g. Computation of interest payment. Interest payments on amounts  due  to  a  contractor  pursuant  to  this  article shall be paid to the  contractor for the period  beginning  on  the  day  after  the  required  payment  date and ending on the payment date for those payments required  according to this article and shall be paid at the rate of  interest  in  effect  on  the  date when the interest payment is made. Notwithstanding  any other provision of law to the contrary, interest shall  be  computed  at  the  rate  equal  to the overpayment rate set by the commissioner of  taxation and finance pursuant to subsection (e) of section one  thousand  ninety-six of the tax law.

State Codes and Statutes

Statutes > New-york > Stf > Article-11-a > 179-g

§ 179-g. Computation of interest payment. Interest payments on amounts  due  to  a  contractor  pursuant  to  this  article shall be paid to the  contractor for the period  beginning  on  the  day  after  the  required  payment  date and ending on the payment date for those payments required  according to this article and shall be paid at the rate of  interest  in  effect  on  the  date when the interest payment is made. Notwithstanding  any other provision of law to the contrary, interest shall  be  computed  at  the  rate  equal  to the overpayment rate set by the commissioner of  taxation and finance pursuant to subsection (e) of section one  thousand  ninety-six of the tax law.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Stf > Article-11-a > 179-g

§ 179-g. Computation of interest payment. Interest payments on amounts  due  to  a  contractor  pursuant  to  this  article shall be paid to the  contractor for the period  beginning  on  the  day  after  the  required  payment  date and ending on the payment date for those payments required  according to this article and shall be paid at the rate of  interest  in  effect  on  the  date when the interest payment is made. Notwithstanding  any other provision of law to the contrary, interest shall  be  computed  at  the  rate  equal  to the overpayment rate set by the commissioner of  taxation and finance pursuant to subsection (e) of section one  thousand  ninety-six of the tax law.

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