N.Y. Exec. Law § 918

§ 918. Financial assistance. 1. The secretary may enter into a\ncontract or contracts for grants to be made, within the limits of any\nappropriations therefor, for the following:\n a. To any local governments, or to two or more local governments, for\nprojects approved by the secretary which lead to preparation of a\nwaterfront revitalization program; provided, however, that such grants\nshall not exceed fifty percent of the approved cost of such projects;\n b. To any local government or local government agency for research,\ndesign, and other activities which serve to facilitate construction\nprojects provided for in an approved waterfront revitalization program;\nprovided, however, that such projects shall take into account the future\nphysical climate risk due to sea level rise, and/or storm surges and/or\nflooding, based on available data predicting the likelihood of future\nextreme weather events including hazard risk analysis data if applicable\nand provided, further, that such grants or payments shall not exceed ten\npercent of the estimated cost of such construction project.\n 2. Funds available for the purposes of this section shall be allocated\nin a fair and equitable manner; such allocation shall reflect the\ninitiative shown by local governments in preparing waterfront\nrevitalization programs and in carrying them out.\n