This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.

Cost Of Delay in New York

In New York, the cost of delay in a civil judgment is set at 9% per year under N.Y. CPLR § 5001. That statute governs the award of prejudgment interest, which compensates the prevailing party for the time between when a claim arose and when judgment is entered. The 9% rate applies automatically to most breach-of-contract and property-damage claims once liability is established, though the statute sets out exceptions for certain cases. Interest accrues simply, not compounded, from the earliest ascertainable date of the loss. The worked example below demonstrates how the calculation runs. To estimate the interest on a specific claim, use the DocketMath calculator, which applies the exact statutory formula from the official source.

Governing authority

In New York, the cost of delay rule is set by N.Y. CPLR § 5001. The verified packet cites N.Y. CPLR § 5001 (https://www.nysenate.gov/legislation/laws/CPL/5001).

New York cost of delay: the verified value is 9% under N.Y. CPLR § 5001. The verified packet cites N.Y. CPLR § 5001 (https://www.nysenate.gov/legislation/laws/CPL/5001).

Estimate your own result: every situation has exceptions that can change the outcome. Use the cost of delay calculator to estimate your specific figure.

This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.