N.Y. Private Housing Finance Law § 51-a

§ 51-a. Federal rental assistance program administrative fees. All\nadministrative fee monies received by the agency from the federal\ngovernment pursuant to section eight of the United States housing act of\n1937, as amended by the Housing and Community Development Act of 1974\nand subsequent amendments, shall be allocated according to the following\nschedule:\n 1. ninety percent of such fees shall be allocated to the\nnot-for-profit corporations or local government agencies providing\nservices under such section eight;\n 2. ten percent of such fees shall be retained by the state and unless\notherwise allocated pursuant to an agreement between the agency and the\ndivision of housing and community renewal:\n (a) ninety-five percent of such amount shall be allocated to the\ndivision of housing and community renewal; and\n (b) five percent shall be retained by the agency.\n