New YorkA 54052025-2026 Regular SessionHouseWALLET

Relates to void provisions in construction contracts

Sponsored By: Pamela J. Hunter (Democratic)

Became Law

ECONOMIC DEVELOPMENTCONSUMER PROTECTION

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

New York caps construction retainage at 5%

In New York, construction contracts cannot require retainage above 5% of the total contract price. Any term in or tied to the contract that withholds more than 5% is void. This follows the state’s retainage rules and applies to contracts governed by New York law. The law is now in effect.

Sponsors & Cosponsors

Sponsor

Pamela J. Hunter
Democratic • House

Cosponsors

Albert A. Stirpe
House
Jonathan Jacobson
Democratic • House

Roll Call Votes

All Roll Calls

Yes: 57 • No: 2

House vote • 6/11/2025

FLOOR Vote