N.Y. State Finance Law § 179-j: Disclaimer of state responsibility for interest payments incurred by contractors

§ 179-j. Disclaimer of state responsibility for interest payments

incurred by contractors. In the event that an interest payment is made

by a contractor in the course of transacting business with any entity

other than a state agency, such interest shall not be an obligation of

the state and the state shall not reimburse the contractor for such

interest, nor shall any moneys expended for such interest payments be

counted toward any matching requirement applicable to grants or payments

of state funds unless expressly permitted by statute or regulation.