N.Y. Comp. Codes R. & Regs. tit. 2 § 378.1
Section 1000 of the Retirement and Social Security Law, enacted pursuant to chapter 548 of the Laws of 2000, authorizes a member to purchase up to three years of service credit for military service rendered during certain periods of military conflict defined in that section. In order to obtain the credit, the member must pay to the Retirement System an amount equal to the product of the number of years of military service being claimed and three percent of the compensation earned during the 12 months of credited service immediately preceding the date that the member made application for the credit. Section 1000 permits the member to pay such cost by lump sum or by payroll deduction over a period of time not to exceed the time period of military service to be credited. Subdivision 4 of that section provides that the Comptroller may promulgate a regulation regarding the payment process. In view of the fact that it takes time for the Retirement System to determine the cost and communicate it to the member, this Part is enacted to set forth the time period for the commencement of payment of the member cost for the purchase of military service credit pursuant to section 1000.
N.Y. Comp. Codes R. & Regs. Tit. 2 § 378.1