New York Minimum Wage 2024 Overtime. The new amounts for new york state (excluding new york city,. 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.

These rates are in effect from january 1, 2024 through december 31, 2024. 1, 2024, the minimum hourly wage will increase from $15.00 to $16.00 in new york city and nassau, suffolk, and westchester counties, and from $14.20 to.