N.Y. Comp. Codes R. & Regs. tit. 9, § 2800.6 – Contract provisions and performance.

(a) Rental assistance payments pursuant to article XVII-A will be made, in accordance with the provisions of section 2800.5 of this Part, pursuant to a rental assistance contract between the division and the sponsor.
(b) Rental assistance contracts shall provide for payments for a period of five years, subject, however, to the provisions of section 2800.5(d) of this Part and the availability of appropriated funds.
(c) Tenant selection criteria, including income eligibility and procedures shall be in accordance with applicable FmHA regulations implementing title V.
(d) Rental assistance contracts shall provide for ongoing review and evaluation of sponsor performance for compliance with the terms and policy of article XVII-A and the provisions of these regulations and of the contract. The division may, in connection with such review and evaluation, rely on documents submitted to, and audits and reviews conducted by, FmHA; but this shall not limit the power of the division to conduct its own review and evaluation. In order to permit such review and evaluation, the contract shall require the sponsor to:
1. (1) provide such reports and information as the contract shall specify or as the division may from time to time request; and
2. (2) permit access on the part of the division at all reasonable times to the project property and to all books and records relating to the project and its tenants.
(e) Every rental assistance contract shall provide that in case of any substantial violation of the contract or of article XVII-A or of these regulations which is not cured or remedied within 30 days of written notice thereof by the division to the sponsor and FmHA, the commissioner may terminate the contract on 10 days' written notice.