N.Y. Comp. Codes R. & Regs. tit. 8, § 55.1
(2) Each application shall contain the following assurances by the chief executive officer of each participating institution of higher education:
(ii) that additional support in an amount equal to at least 15 per centum of the grant funds requested will be provided through institutional, private, and other governmental sources and through in-kind contributions.
(b) Award of grants.
The commissioner shall select for funding not less than 10, nor more than 20 programs which comply with the statutory requirements and purposes established for the Stay in School Partnership appropriation and which comply with the requirements of this section. In awarding grants, the commissioner shall consider, but shall not be limited to, the following criteria:
(9) the appropriateness and reasonableness of the program budget.
(c) Reports.
Each institution of higher education receiving a grant shall submit to the commissioner an interim progress report no later than January 15th of the school year in which the grant is received and a final report no later than August 31st next following the school year in which the grant is received. Such reports shall be in a form prescribed by the commissioner and shall contain such information as he may require.
(a) Applications.