On September 8, 2009, New York Gov. David Paterson signed into law amendments to the state's Prompt Payment Act (the "Act") intended to create broader enforcement mechanisms for the benefit of contractors, subcontractors, suppliers and laborers. New York's General Business Law was revised to ensure that contractors, subcontractors and suppliers are timely paid for completed work on private construction projects, and the state's Labor Law was revised to allow complaints to the New York State Commissioner of Labor of nonpayment of wages arising from violations of the Act. The following are the more noteworthy changes.
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