N.Y. General City Law § 25-c: Administrative provisions

§ 25-c. Administrative provisions.-- Any local law adopted pursuant to

this article may also contain, in addition to the provisions set forth

in section twenty-five-a of this chapter, and to the extent consistent

with this article, other provisions necessary and appropriate for the

imposition, collection and administration of the tax herein authorized,

including a provision substantially the same as the following:

Whenever there is made a sale, transfer or assignment in bulk of any

part or the whole of a stock of merchandise or of fixtures, or

merchandise and of fixtures pertaining to the conducting of the business

of the seller, transferrer or assignor, otherwise than in the ordinary

course of trade and in the regular prosecution of said business, the

puchaser, transferee or assignee shall at least ten days before taking

possession of such merchandise, fixtures, or merchandise and fixtures,

or paying therefor, notify the administrator by registered mail of the

proposed sale and of the price, terms and conditions thereof, whether or

not the seller, transferrer or assignor, has represented to, or informed

the purchaser, transferee or assignee, that it owes any tax pursuant to

this local law, whether or not the purchaser, transferee or assignee has

knowledge that such taxes are owing, and whether or not any such taxes

are in fact owing.

Whenever the purchaser, transferee or assignee shall fail to give the

notice to the administrator required by the preceding paragraph, or

whenever the administrator shall inform the purchaser, transferee or

assignee that a possible claim for such tax or taxes exists, any sums of

money, property or choses in action, or other consideration, which the

purchaser, transferee or assignee is required to transfer over to the

seller, transferrer or assignor shall be subject to a first priority

right and lien for any such taxes theretofore or thereafter determined

to be due from the seller, transferrer or assignor to the city, and the

purchaser, transferee or assignee is forbidden to transfer to the

seller, transferrer or assignor any such sums of money, property or

choses in action to the extent of the amount of the city's claim. For

failure to comply with the provisions of this subdivision the purchaser,

transferee or assignee, in addition to being subject to the liabilities

and remedies imposed under the provisions of article six of the uniform

commercial code, shall be personally liable for the payment to the city

of any such taxes, theretofore or thereafter determined to be due to the

city from the seller, transferrer or assignor and such liability may be

assessed and enforced in the same manner as the liability for tax is

imposed under this local law.