Sean “Diddy” Combs paid $850,000 out of his own pocket to settle claims by victims of a notorious 1999 shooting at Club New York, court papers revealed yesterday.

Combs had been partying at the now-shuttered club with then-gal pal Jennifer Lopez and protege Jamal “Shyne” Barrow when a dispute with fellow clubgoers led Barrow to open fire. Three innocent bystanders were shot — and sued Combs, Barrow and the club.

Combs was acquitted of gun charges in the incident. Barrow was convicted of shooting two of the victims.