N.Y. Public Housing Law § 24: Credit recapture

§ 24. Credit recapture. If, as of the close of any taxable year in the

compliance period, the amount of the qualified basis of any building

with respect to the taxpayer is less than the amount of such basis as of

the close of the preceding taxable year, the credit under this article

may be recaptured as provided in section eighteen of the tax law.