It is my understanding that they start reviewing applications in December / January, and start interviewing in February. The following is the timetable from the web site (http://med.tau.ac.il/ny/application.htm):
The New York Admissions Office uses the following timetable:
June-May: Distribution of applications
February-June: Interview period
March-June: Notification to applicants
The deadline for 2006 applications is June 16, 2006.