N.Y. Real Property Tax Law § 1261: Determination of ratios of assessed valuation to full valuation

§ 1261. Determination of ratios of assessed valuation to full

valuation. Notwithstanding any general or special law to the contrary,

the commissioner shall annually determine the ratios which the assessed

valuations of taxable real estate on the last completed assessment rolls

and the four preceding rolls of each city school district bear to the

full valuation of such real estate for the purpose of computing and

applying the limitation on local indebtedness pursuant to section four

of article eight of the constitution.