8 - Right to annul contracts. - New York Statutes

§ 8. Right to annul contracts. Upon the failure or non-performance of the terms of any of the contracts set forth in this chapter on the part of the contractors with the state, the commissioner may annul the contract in which default is made and the comptroller shall withhold payment from the contractor for all work done by him until the damage to the state shall be ascertained by proper adjudication, and the said commissioner may readvertise and enter into a contract for the balance of the uncompleted term of any contract so annulled or abrogated in the manner prescribed in the provisions of this chapter.