Interest rates not to be reduced.
NYC Admin. Code § 11-302
in effect§ 11-302 Interest rates not to be reduced.
The commissioner of finance shall not reduce the rate of interest upon any taxes or assessment below the amount fixed by law.
Source: City of New York, Charter, Administrative Code and Rules (American Legal Publishing XML export, codelibrary.amlegal.com)URL: https://codelibrary.amlegal.com/codes/newyorkcity/latest/NYCadmin/0-0-0-8822Fetched: 10/24/2026
