New York’s public authorities carry out a wide range of essential activities. Drive along the Thruway, ride a subway, bus or commuter train, visit a public hospital, or simply turn on a light in a home or office – a public authority may be part of New Yorkers’ daily lives in these ways and many others.

In 2010-11, vendors were paid interest totaling $1,398,859, representing an increase of $486,799, or more than 53 percent, above the prior year. 

In 2011-12, vendors were paid interest totaling $1,925,986, representing an increase of $526,531, or more than 37 percent, above the prior year. 

In 2012-13, vendors were paid interest totaling $2,552,297, representing an increase of $627,035 above the prior year. 

In 2013-14, vendors were paid interest totaling $1,714,825 representing an increase of $837,466 above the prior year. 

In the 2014-2015 fiscal year, State agencies paid interest totaling $1,525,112 representing a decrease of $189,713 from the prior year.

In the 2015-2016 fiscal year, State agencies paid interest totaling $1,462,835, representing a decrease of $62,277 from the prior year.

In the 2016-2017 fiscal year, State agencies paid interest totaling $1,536,275, representing an increase of $73,440 from the prior year.

This report identifies the number of late payments, the number of days to process late payments, the amount of interest paid and the reasons for the delays.

In order to ensure contractors doing business with New York State are paid timely, Article 11-A of State Finance Law prescribes timeframes for agencies to prepare and submit vouchers to the Office of the State Comptroller (OSC) for review and approval before payment.