The arena will be called UBS Arena. The Islanders are currently slated to move in for the 2021-2022 season.
"We are excited to announce this long-term partnership with the New York Islanders and are proud to play a role in creating one of the country's premier sports and entertainment venues," said Tom Naratil, of UBS, in a statement.
Islanders co-owner Jon Ledecky said in a statement the team is "thrilled" to partner with UBS.
"UBS Arena will stand as a beacon of strength, resilience, achievement and community, and we look forward to celebrating this milestone with our loyal fans," said Ledecky.
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