N.Y. Comp. Codes R. & Regs. tit. 9 § 1647-6.5
Commitments made by a local agency in connection with contracts whose costs are to be charged to operating expense or replacement reserve shall be recorded in account 1500A, Incompleted Contracts--Management, and account 2400A, Contract Awards--Management. The method of recording contract awards, contract changes and partial payments is similar to that described in sections 1646-5.2, 1646- 5.3 and 1646-5.4 for the development period. At the end of each reporting period, a journal voucher shall be prepared charging the appropriate operating expense account and crediting account 2119, Sundry Accounts Payable, and also charging account 2400A. Contract Awards--Management, and crediting account 1500A, Incompleted Contracts--Management, with the total amount of any unpaid approved periodic estimates for partial payment on hand.
N.Y. Comp. Codes R. & Regs. Tit. 9 § 1647-6.5