# New York — Construction retainage limits by US state — maximum withholding percentages, release deadlines, escrow requirements, and public vs private distinctions with statutory citations

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: appears in the quote below)_
- **Public project retainage cap (%):** 5% _(verified: appears in the quote below)_
- **Private project retainage cap (%):** 5% _(verified: appears in the quote below)_
- **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

## Source

- https://constructioncoverage.com/glossary/retainage

Last verified: 2026-08-15. Review by: 2027-08-15.
Part of [Construction retainage limits by US state — maximum withholding percentages, release deadlines, escrow requirements, and public vs private distinctions with statutory citations](https://referencesource.org/construction-retainage-limits-by-state/).