Lead actors would be contracted centrally from LA, while day players and local recurring roles would be NY actors.

They’re basically talking about monies paid to NY contractors for construction, stages, crew, locations, catering, accommodation, equipment rental and materials.

When you are accepted into the production credit scheme you must keep an accounting of monies spent in that jurisdiction. That’s where this figure comes from, it doesn’t represent the total budget of the production which will spend elsewhere in LA and other places for post production- some of which is covered by other credit schemes in other locations, similarly accounted for.