ASSIGNMENTS OF PAYMENTS
(FORM)
There are three types of payment assignments:
All Monies Assignment
Partial Monies Assignment
Retainage Assignment
Assignment must contain:
Date of assignment
NYS 7-digit contract number AND NYS Vendor ID#
Name and address of assignor
Name and address of assignee
Type of assignment
Amount of assignment
Notarized original signature of primary contractor
An assignment of monies due under a public improvement contract is
void if filed more than 20 days after date of assignment and will be
returned.
An assignment of monies due under a public improvement contract is
void and will be returned if it does not contain the statutorily required
trust covenant (sample language contained on the assignment form
below).
OSC does not accept assignments containing conditions.
The assignment can only be revoked by the “ASSIGNEE”.
A copy of Assignment must be filed with the originating agency.
Send completed form to:
Office of the State Comptroller
110 State Street
th
10
Floor – Offset Unit
Albany NY 12236
Questions may be e-mailed to the Offset Unit at:
Offset_unit@osc.state.ny.us