Yeah, New York Institute of Technology does provide scholarships based on merit. Here are some of them:

President’s Scholarship
Total Worth: $22,000 Per Year
Eligibility: $22,000 Per Year
Minimum Criteria: High school average of 95 or higher and minimum SAT score of 1270 or ACT score of 27
Requirement for maintenance: Maintain the minimum cumulative GPA
Separate application needed: No

Theodore K. Steele Memorial Scholarship
Total Worth: $21,000 Per Year
Eligibility: $21,000 Per Year
Minimum Criteria: High school average of 90 or higher and minimum SAT score of 1180 or ACT score of 24
Requirement for maintenance: Maintain the minimum cumulative GPA
Separate application needed: No

NYIT Merit Scholarships And Academic Achievement Awards
Total Worth: $5,000–$19,000 Per Year
Eligibility: $5,000–$19,000 Per Year
Minimum Criteria: Students not eligible for the President’s or TK Steele Scholarship; based on application’s strength
Requirement for maintenance: Maintain the minimum cumulative GPA
Separate application needed: No

They also provide other scholarships including Phi Theta Kappa Transfer Scholarships.