New York
For New York, public project retainage cap (%) is 5%; private project retainage cap (%) is 5%; release deadline is not stated on this page; escrow required is not stated on this page; milestone reduction is none, recorded from its source on 2026-08-15.
- State
- New York verified
- Public project retainage cap (%)
- 5% verified
- Private project retainage cap (%)
- 5% verified
- Release deadline
- not stated on this page
- Escrow required
- not stated on this page
- Milestone reduction
- none
- Statutory citation
- not stated on this page
What the source says
a 5% cap is now the legal maximum in many states, including California and New York
— constructioncoverage.com, retrieved 2026-08-15
Source
- constructioncoverage.comhttps://constructioncoverage.com/glossary/retainage