N.Y. Public Housing Law § 25: Regulations, coordination with federal low-income housing credit provisions

§ 25. Regulations, coordination with federal low-income housing credit

provisions. 1. The commissioner shall promulgate rules and regulations

necessary to administer the provisions of this act.

2. The provisions of section 42 of the internal revenue code shall

apply to the credit under this article, provided however, to the extent

such provisions are inconsistent with this article, the provisions of

this article shall control.

3. The allocation of the credit established by this article may be

made without regard to and in a separate manner from any federal

low-income housing credit that may be allocated with respect to an

eligible low-income building.