N.Y. Real Property Tax Law § 489-gg: Ratio

§ 489-gg. Ratio. The commissioner shall compute to the nearest

thousandth of one percent a ratio for each railroad company by dividing

its average railway expenses by its average railway revenues; provided,

however, that if a railroad company shall have operated for less than

one full year prior to the first day of the year in which a tentative

determination of a railroad ceiling for that railroad company is made,

then the ratio for that ceiling of that railroad company shall be one.