New York Consolidated Laws, State Finance Law - STF § 179-x. Federal funds

The provisions of this article as they relate to federal funds shall only be applicable to the extent a state agency is in receipt of federal funds for a particular program; provided however, the provisions of this article shall be applicable to federal funds, including but not limited to funds such as petroleum overcharge moneys, only to the extent that any required federal or court review or approval process concerning the use of such funds has been completed, and no notification of disapproval has been received by a state agency. Any time frame contained within the provisions of this article shall run from the date of the notification to a state agency of receipt of federal funds, or the completion of any required federal or court review or approval process, whichever is applicable, provided however that a not-for-profit organization receiving federal funds to which such timeframes are applicable shall be entitled to interest payments pursuant to section one hundred seventy-nine-v of this article or after one hundred twenty days following the state's receipt of federal funds for the program, whichever is later.