The tax revenue makes up a significant portion of the Palestinian Authority’s operating budget. In the past few months, the Palestinian Authority has only been able to pay partial salaries to its tens of thousands of employees, and senior Israeli military officials have warned that the economic crisis could destabilize the occupied West Bank.

Israel has used its financial control of Palestinian tax revenue at least a half-dozen times in the past as a lever to pressure the Palestinians by withholding the money. The tax transfers have usually been renewed within weeks.

The decision on Friday to transfer the withheld funds comes after Mr. Netanyahu’s conservative Likud Party won a decisive victory in the March 17 elections and amid a worsening crisis in Israel’s relations with the Obama administration, fueled in part over contradictory statements made by Mr. Netanyahu of late regarding his support for a Palestinian state alongside Israel, a cornerstone of American policy in the Middle East.

In the days before his election to a fourth term, Mr. Netanyahu had said that no Palestinian state would be established on his watch, in an effort to appeal to right-wing voters. He subsequently backtracked in television interviews, saying that he had been misunderstood, and that the current realities in the region made the discussion irrelevant at this time.

Nevertheless, President Obama and his aides have continued to sharply criticize Mr. Netanyahu’s apparent disavowal of the two-state solution.

The timing of the announcement, on the Muslim day of rest and shortly before the onset of the Jewish sabbath, may have been an effort to minimize news media attention to the change of position on the tax revenue, so soon after the elections. Palestinian officials did not immediately respond to requests for comment.

Ehab Bessaiso, a spokesman for the Palestinian Authority, was quoted by Agence France-Presse as saying, “Until now, we haven’t received any money, nor have we officially been informed of anything.”

The departing United Nations envoy for the Middle East peace process, Robert Serry, urged Israel to immediately reverse its decision to withhold tax revenue in a briefing to the Security Council on Thursday. Mr. Serry, who is ending a seven-year tenure as the United Nations special envoy for the Middle East Peace Process, said the Palestinian Authority’s financial crisis was deepening and that Israel’s action was in violation of the peace accords it signed with the Palestinians in the 1990s.