# New York — Construction prompt payment act deadlines by US state — owner-to-contractor and contractor-to-subcontractor payment windows, retention release deadlines, and late-payment interest rates

For New York, owner-to-gc payment deadline (days) is 30; gc-to-sub flow-down deadline (days) is 7; late-payment interest rate is 1% per month; project types covered is both; statutory citation is NY Gen. Bus. Law §§756 et seq.; NY State Fin. Law §§139-f and 179-f, Gen. Mun. Law §106-b, recorded from its source on 2026-08-14.

- **State:** New York _(verified: appears in the quote below)_
- **Owner-to-GC payment deadline (days):** 30 _(verified: appears in the quote below)_
- **GC-to-sub flow-down deadline (days):** 7
- **Late-payment interest rate:** 1% per month
- **Project types covered:** both _(verified: appears in the quote below)_
- **Statutory citation:** NY Gen. Bus. Law §§756 et seq.; NY State Fin. Law §§139-f and 179-f, Gen. Mun. Law §106-b

## What the source says

> New York Prompt Payment Requirements Private Jobs Public Jobs Top Links 30 DAYS Prime Contractors For Prime Contractors, progress payment must be made within 30 days of approved invoice (invoice must be approved within 12 days of receipt). Final payment due within 30 days of final approval. Both may be modifed by contract.

## Source

- https://www.levelset.com/prompt-payment/new-york-prompt-payment-faqs/

Last verified: 2026-08-14. Review by: 2027-08-14.
Part of [Construction prompt payment act deadlines by US state — owner-to-contractor and contractor-to-subcontractor payment windows, retention release deadlines, and late-payment interest rates](https://referencesource.org/construction-prompt-payment-deadlines-by-state/).