N.Y. Comp. Codes R. & Regs. tit. 9, § 2814.1 – Cash drawdown requests and financial reports.

(a) Disbursement of contract funds shall be made quarter-annually upon cash drawdown requests submitted by the company. The first request shall cover the first three months of the contract term. Subsequent requests and required attachments shall be made six weeks prior to the beginning of each quarter of the term.
(b) Financial reports providing actual accrued expenses are required for each of the first three quarters, six weeks after the completion of said quarter. Each report shall be cumulative. The annual financial report shall be submitted in lieu of the fourth financial quarterly report.