New York Consolidated Laws, Executive Law - EXC § 170-b. Employee loans

1. No state agency shall make available to employees a loan of any amount of money. Provided, however, that nothing in this section shall be construed to impede any person from receiving any aid for which he or she is eligible pursuant to any state or federal statute or regulation.

2. For purposes of this section, the term “state agency” shall mean any state department, state university of New York, city university of New York, authority, board, bureau, division, commission, committee, council, office or other governmental entity performing a governmental or proprietary function for the state.