An attorney for the 12-year-old girl's mother says Taylor agreed Wednesday at a court hearing in Hackensack to pay $650 per week.
The mother, Ebony Washington of Secaucus, had been receiving about $450 per week and had sought more money. Taylor had sought to have the amount decreased.
Attorney Debra Weisberg says Taylor also must pay about $20,000 to Washington and $30,000 to a joint accountant.
Taylor led the New York Giants to Super Bowl titles in 1987 and 1991.
Since retiring, he has been arrested several times on drug charges. This year, he pleaded guilty to sexual misconduct and patronizing a prostitute, requiring him to register as a sex offender.
