Statutes, codes, and regulations
New York Codes, Rules and Regulations
Title 2 - DEPARTMENT OF AUDIT AND CONTROLChapter VI - New York State and Local Employees' Retirement System and New York State and Local Police and Fire Retirement System
Part 347 - Prepayment Of Amortized Contributions By Participating Employers Pursuant To Sections 17-a And 317-a Of The Retirement And Social Security Law
Section 347.5 - Interest

N.Y. Comp. Codes R. & Regs. tit. 2 § 347.5

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Current through Register Vol. 46, No. 49, December 4, 2024
Section 347.5 - Interest

Prepayments of amortized contributions made under this Part shall be applied first to outstanding interest due. Prepayments of amortized contributions in amounts greater than the total amount of outstanding interest shall be applied to the outstanding amortized principal balance.

N.Y. Comp. Codes R. & Regs. Tit. 2 § 347.5