New York Sidewalk Repair Charge — Installment Agreement is a program offered by the City of New York to allow property owners to pay their sidewalk repair charges over multiple installments. The program allows property owners to spread the cost of repair over several months, rather than paying the full amount in one lump sum. There are two types of New York Sidewalk Repair Charge — Installment Agreement available: Standard Installment Agreement and Low-Cost Installment Agreement. The Standard Installment Agreement allows property owners to spread the repair cost over 12 monthly installments, plus an initial payment. The Low-Cost Installment Agreement offers a reduced interest rate and a longer payment period of up to 24 months, with no initial payment due. Both types of agreement require the property owner to sign an agreement with the City of New York and to make the required payments on time in order to avoid any additional penalties or fees.