N.Y. Workers' Compensation Law § 92: Payment of premiums

§ 92. Payment of premiums. 1. Workers' compensation insurance premiums

for any policy period shall be paid into the state insurance fund at the

beginning of the period when the amount of such premium is less than one

thousand dollars according to the estimated expenditure of wages for the

period except to the extent that rules of the commissioners permit such

amount to be paid by installments. For all other policyholders, workers'

compensation insurance premiums for any policy period based on an

estimated expenditure of wages for the period may, at the policyholders'

option, be paid into the state insurance fund by installments in

accordance with rules promulgated by the commissioners.

2. Disability benefits insurance premiums for any period shall be paid

into the state insurance fund at the beginning of the period according

to the estimated expenditure of wages for the period except to the

extent that rules of the commissioners permit such amount to be paid by

installments.

3. At the end of the period an adjustment of the premium shall be made

according to the actual expenditure of wages. If such adjusted premium

is more than the premium paid at the beginning of the period, the

policyholder shall pay the difference immediately upon notification of

the amount due except to the extent that rules promulgated by the

commissioners permit such amount to be paid by installments. If such

adjusted premium is less than the premium paid in advance, the state

insurance fund shall, at the policyholder's option, either refund the

difference or credit the amount thereof to the policyholder's account

with the state insurance fund.