From The Architect's Newspaper:
Funding will come from the mayor’s office, with an additional $5 million from City Council to be allocated. The majority of it will go towards less prominent arts groups—especially those that lay outside of Manhattan. Approximately $1.5 million will be directed towards increasing support for low-income communities and underrepresented groups, while $4.5 million will be used to support the Cultural Institutions Group (CIG) in low-income communities.