N.Y. Public Housing Law Section 74
Restrictions on additional subsidies

No subsidy, in addition to any periodic subsidy originally contracted for in aid of any project or projects, shall be paid by the state to a municipality or authority, acting as an instrumentality thereof, for the purpose of enabling such municipality or authority to remedy an actual default or avoid an impending default in the payment of principal or interest on any loan which has been theretofore made by the state to such municipality or authority pursuant to this chapter.

Source: Section 74 — Restrictions on additional subsidies, https://www.­nysenate.­gov/legislation/laws/PBG/74 (updated Sep. 22, 2014; accessed Jan. 24, 2026).

Green check means up to date. Up to date

Verified:
Jan. 24, 2026

Last modified:
Sep. 22, 2014

§ 74. Restrictions on additional subsidies's source at nysenate​.gov

Link Style