[yetihehe]

Exactly. IF there is operating system used (it's not always needed), programmers implement separate OS tasks. For simpler systems (like just reading some sensors) real time os is not needed, then such loops are implemented as a template (with much more error checking and restarting). Typically that "wait for tick" function just waits until hardware timer sets overflow flag (not even full interrupt), and this is done to have simple, easy to reason about system.