According to our story today:

More than $2 billion from the U.S. Department of Housing and Urban Development to fund homeowners' and businesses' recovery from superstorm Sandy is on its way to New York State, federal and state officials said Wednesday. … Most of the money will come to Long Island, Sen. Charles Schumer (D-N.Y.) said, in accordance with the state's action plan released in April. That plan calls for at least 80 percent of all HUD funding to go to Long Island and Rockland County.
The governor's plans for spending the money include funding an infrastructure bank, planning grants for development of Community Redevelopment Zones, home elevations, buyouts and money to spur economic development in areas hardest hit by Sandy on Long Island.”

How does the additional money affect what currently happening now, if at all?

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Live chat with LI Sandy chief Jon Kaiman