Ny State Minimum Wage Increase 2024. As part of the fy 2024 budget, governor hochul secured an historic agreement to increase new york’s minimum wage through 2026 and index it to inflation beginning in 2027. Effective march 13, 2024, the salary threshold for certain exemptions under article 6 of the new york labor law (nyll) will increase from $900 to $1,300 per week.

2199 to inform agencies of osc’s automatic processing of the january 2024 minimum. Pursuant to legislation signed by new york governor kathy hochul, new york’s minimum wage will gradually increase through 2026 to $17/hour in new york.