2015 New York Laws
STF - State Finance
Article 11-A - (State Finance) INTEREST PAYMENTS ON CERTAIN AMOUNTS OWED BY STATE
179-G - Computation of interest payment.

 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.