Men's hockey dropped $50,000 to $700,000, women's football decreased $150,000 to $800,000 and swimming dropped from $1.4m to $1.3m because they did not meet agreed performance goals.
Men's hockey missed direct qualification for Rio on a number of occasions, women's football failed to get out of the group stages of the World Cup. Swimming also missed key performance indicators.
Over the 2013-16 Olympic cycle, HPSNZ will invest around $130 million into national sport organisations, as well as providing another $72 million in direct support to athletes through grants, scholarships and support services.
"The bulk of investment through to Rio was committed in 2014, to give sports certainty for their planning," HPSNZ chief executive Alex Baumann said. "Today's announcement reflects fine-tuning to ensure we get the final one per cent of gains that could be the difference between converting form into an Olympic or Paralympic medal.
"To ensure these last gains are achieved a further $500,000 is being allocated to targeted sports and campaigns in 2016 to increase the probability of Kiwi athletes winning on the world stage.
"Our performances over the past year give us confidence that we are on track to achieve our target of 14 or more medals at the Olympics and 12 Paralympic golds."
"Tough calls have had to be made in some sports to reflect both past performance and future potential. However, we believe these sports have the strategies, programmes and people in place to make gains in the future, and as such we have retained sufficient investment to ensure they can rebound and give themselves a chance in Rio."
2016 FUNDING BREAKDOWN
Tier One
Rowing $5.3m (+$100,000 on 2015)
Cycling $4.7m (+$100,000)
Yachting $3.45m (+$50,000)
Tier Two
Athletics $2.225m (+$75,000)
Equestrian $1.8m (no change)
Rugby 7s men $1.2m (nc)
Netball $1.2m (nc)
Rugby 7s women $1m (nc)
Tier Three
Triathlon $1.25m (nc)
Hockey women $1.3m (nc)
Canoe $1.275m (+$75,000)
Targeted Other
Snow Sports $1.8m (+$200,000)
Paralympics NZ $1.955m (+$55,000)
NZOC $450,000 (nc)
Campaign
Swimming $1.3m (-$100,000)
Football women $800,000 (-$150,000)
Hockey men $700,000 (-$50,000)
Cricket $500,000 (nc)
Rugby League $400,000 (+$50,000)
Bowls $250,000 (+$25,000)
Softball men $250,000 (nc)
Squash $175,000 (nc)
Surf Life saving $190,000 (+$20,000)
Basketball $200,000 (nc)
Canoe Slalom $175,000 (-$30,000)
Golf $25,000 (+$25,000)
Boxing (David Nyika) $65,000 (-$15,000)
Olympic weightlifting $25,000 (nc)
Shooting (Natalie Rooney) $20,000 (+$20,000)
Judo $25,000 (nc)
Gymsports/trampoline (Dylan Schmidt) $25,000 (nc)
Wrestling Tayla Ford $15,000 (+$15,000)
Other
NZOC - Rio Games delivery baseline $250,000 (nc)
NZOC - Rio one-off $350,000 (nc)
NZOC - Rio Black Gold underwrite $300,000 (+$300,000)
Snowsports - set up and management $75,000 (nc)
Paralympics NZ - Rio Games delivery $200,000 (nc)