Yes, it's slightly indirect. In other words, the federal government's funding formula for settlement is based on the number of arrivals, with an adjustment with regard to refugees because of the higher settlement needs of refugees. There's a slightly different per-head allocation for refugees. Other than that, it's based on the number of arrivals, regardless of the program.
A province that brings in more immigrants through the provincial nominee program will increase its overall number of immigrant arrivals, and therefore, under the settlement allocation formula, would, in the following year, receive an increased proportion of whatever overall funding is available.