N.Y. Real Property Tax Law § 1434: Partial payment of taxes

§ 1434. Partial payment of taxes. 1. Notwithstanding any provision of

this article to the contrary, the board of trustees of any village may

by resolution determine to collect taxes in two installments. If such a

resolution is adopted, the first installment shall be collected at the

time, in the manner and subject to the same interest specified and

provided for in this article, or pursuant to the provisions thereof, for

the collection of taxes, and the second installment in like manner and

subject to the same interest. The particular dates and times specified

in this article or pursuant thereto as governing the collection of the

first installment shall govern the collection of the second installment,

except that they shall be corresponding dates and times as determined by

resolution of the board of trustees.

2. If such resolution be adopted as provided in subdivision one

hereof, the said board of trustees of any village may by resolution

further provide that the second installment may be paid in full at the

same time as the first installment, and that on such advance payment a

discount will be allowed from such date of payment to the date when the

said second installment is due and payable, at a rate not to exceed two

per centum per annum.