Python Time Delays
Have a look at threading.Timer
. It runs your function in a new thread.
from threading import Timer
def hello():
print "hello, world"
t = Timer(30.0, hello)
t.start() # after 30 seconds, "hello, world" will be printed
If you want a function to be called after a while and not to stop your script you are inherently dealing with threaded code. If you want to set a function to be called and not to worry about it, you have to either explicitly use multi-threading - like em Mark Byers's answr, or use a coding framework that has a main loop which takes care of function dispatching for you - like twisted, qt, gtk, pyglet, and so many others. Any of these would require you to rewrite your code so that it works from that framework's main loop.
It is either that, or writing some main loop from event checking yourself on your code - All in all, if the only thing you want is single function calls, threading.Timer is the way to do it. If you want to use these timed calls to actually loop the program as is usually done with javascript's setTimeout, you are better of selecting one of the coding frameworks I listed above and refactoring your code to take advantage of it.
If the non-block feature is not needed, just use time.sleep(5)
which will work anywhere and save your life.