ALBANY — New York’s bottom line got another big boost Monday from a huge settlement with a major bank.

Citigroup agreed to pay $182 million to the state as part of a $7 billion settlement of a federal investigation into its handling of risky subprime mortgages.

The agreement follows an even bigger windfall from a guilty plea by the gigantic French bank BNP Paribas that it did business with Iran, Syria and other rogue regimes.

Under that deal, announced in late June, the state will receive $3.5 billion and the city $447 million.

“The settlements are significant even relative to the revenue generated by the state’s large financial services sector,” Moody’s Investor Service said.

Of the $182 million coming from Citigroup, $92 million will be paid directly to the state in cash and $90 million will be used to provide consumer relief to struggling New Yorkers, including principal forgiveness on mortgages and lower re-financing rates.

“This settlement will build upon our work bringing relief to homeowners around the country and across New York, and is exactly what our working group was created to do,” said Attorney General Eric Schneiderman, who negotiated the deal with a group of federal and state prosecutors.

The settlements -— especially the BNP Paribas money — have lawmakers and advocates already looking for ways to spend the money.

Senate Republicans have issued a plan to use the BNP Paribas windfall for tax relief, infrastructure improvements and education aid.

Others want the bulk of the money directed to public schools.

E.J. McMahon, president of the conservative Empire Center for State Policy, said it would be irresponsible to use the windfalls on recurring expenses like school aid or tax cuts.

“All you do is increase spending and then you have to keep paying for it when the money is gone,” McMahon said.

He said the BNP Paribas money would be best spent on repairing New York’s crumbling roads and bridges.

Gov. Cuomo, who is running for reelection, has not indicated how he’d like to spend the Paribas money.

Earlier this year, Cuomo and Schneiderman feuded over how to spend the $613 million New York received from a settlement with JPMorgan Chase.

The two officials eventually agreed to split the first installment, with half the money deposited in the state’s general fund for use in housing programs and the rest given to Schneiderman’s office to fund mortgage relief. The remaining installments — about $440 million — will go to a new fund controlled jointly by Cuomo and legislative leaders to address housing issues.

© 2014 New York Daily News