Cuomo had until October 29th to sign the bill, but until today the governor's office had been mum on the legislation. Airbnb loudly opposed the measure, spending $10 million on a campaign to defeat its passage.
Airbnb says it will sue to block the law from going into effect, according to the Times-Union. The company has retained the law firm Gibson Dunn, which is currently suing the state of New York to block a wage increase for fast food employees.
Airbnb first threatened to sue last month, claiming the bill was "unlawful" and would "impose real harm on the community." But then two days ago, the Silicon Valley home-sharing giant said it was considering some concessions. It's unclear whether the governor's office accepted any of those changes.
Airbnb proposed limiting hosts from making more than one listing in an effort to weed out property owners who opt to list multiple properties, making them unavailable to those seeking permanent housing.