N.Y. Urban Development Guarantee Fund of New York Law § 10
The fund is authorized but not required to fix premiums for the guarantee of loan repayments under the provisions of this act, such premiums to be computed as a percentage, which shall not exceed one percentum per annum on that portion of the principal obligation guaranteed hereunder as the fund shall determine on the basis of all pertinent available data. Such premiums shall be payable by the borrower in such manner as shall be prescribed by the fund. The amount of premium is not required to be uniform among the various loans insured provided, however, that that premium provided for hereunder shall not be payable more than once on loan guarantees given under subdivision (b) of section eight of this act.
N.Y. Urban Development Guarantee Fund of New York § 10