N.Y. General City Law art. 2-D, § 36: Payments of estimated tax

§ 36. Payments of estimated tax.-- (a) General.-- The estimated tax

with respect to which a declaration is required shall be paid as

follows:

(1) If the declaration is filed on or before April fifteenth of the

taxable year, the estimated tax shall be paid in four equal

installments. The first installment shall be paid at the time of the

filing of the declaration, and the second, third and fourth installments

shall be paid on the following June fifteenth, September fifteenth, and

January fifteenth, respectively.

(2) If the declaration is filed after April fifteenth and not after

June fifteenth of the taxable year, and is not required to be filed on

or before April fifteenth of the taxable year, the estimated tax shall

be paid in three equal installments. The first installment shall be

paid at the time of the filing of the declaration, and the second and

third installments shall be paid on the following September fifteenth

and January fifteenth, respectively.

(3) If the declaration is filed after June fifteenth and not after

September fifteenth of the taxable year, and is not required to be filed

on or before June fifteenth of the taxable year, the estimated tax shall

be paid in two equal installments. The first installment shall be paid

at the time of the filing of the declaration, and the second shall be

paid on the following January fifteenth.

(4) If the declaration is filed after September fifteenth of the

taxable year, and is not required to be filed on or before September

fifteenth of the taxable year, the estimated tax shall be paid in full

at the time of the filing of the declaration.

(5) If the declaration is filed after the time prescribed therefor, or

after the expiration of any extension of time therefor, paragraphs two,

three and four of this subdivision shall not apply, and there shall be

paid at the time of such filing all installments of estimated tax

payable at or before such time, and the remaining installments shall be

paid at the times at which, and in the amounts in which, they would have

been payable if the declaration had been filed when due.

(b) Farmers.--If an individual referred to in subdivision (e) of

section thirty-five (relating to income from farming) makes a

declaration of estimated tax after September fifteenth of the taxable

year and on or before the following January fifteenth, the estimated tax

shall be paid in full at the time of the filing of the declaration.

(c) Amendments of declaration.--If any amendment of a declaration is

filed, the remaining installments, if any, shall be ratably increased or

decreased (as the case may be) to reflect any increase or decrease in

the estimated tax by reason of such amendment, and if any amendment is

made after September fifteenth of the taxable year, any increase in the

estimated tax by reason thereof shall be paid at the time of making such

amendment.

(d) Application to short taxable year.--This section shall apply to a

taxable year of less than twelve months in accordance with regulations

of the administrator.

(e) Fiscal year.--This section shall apply to a taxable year other

than a calendar year by the substitution of the months of such fiscal

year for the corresponding months specified in this section.

(f) Installments paid in advance.--An individual may elect to pay any

installment of his estimated tax prior to the date prescribed for its

payment.

(g) Cross reference.--For taxpayers with taxable years beginning prior

to the date this local law becomes operative, see section forty-one.