N.Y. Real Property Tax Law § 489-q: Reports to commissioner

§ 489-q. Reports to commissioner. Each railroad company shall furnish

the commissioner the following:

1. A copy of all income, profit and loss and other financial

statements filed with the interstate commerce commission and the

commissioner of transportation; and

2. Such other reports as the commissioner may from time to time

require containing such information and data as it may specify,

including cost and valuation data relating to or an inventory of the

railroad real property of such company situated in each assessing unit,

in order to carry out the provisions of this title.

3. Each railroad company shall pay an annual charge to the state

office. All costs and expenses of the state office, direct and

indirect, incurred in the establishment of railroad ceilings pursuant to

this title shall be paid from the collection of an annual charge upon

railroad companies. The commissioner shall provide by rule for

computation of this charge through the apportionment of these costs and

expenses to railroad companies in direct relation to the value of such

real property subject to the ceiling. Charges shall be subject to the

annual approval of the director of the budget. Any unpaid charge shall

be a lien upon the assets of the company and may be enforced by

appropriate administrative and judicial proceedings commenced by counsel

to the state office.

4. Any railroad company failing to make any report required by or

pursuant to this section within a reasonable time specified by the

commissioner shall forfeit to the people of the state the sum of one

hundred dollars for each failure and the additional sum of fifty dollars

for each day that such failure continues. Acknowledgment of receipt of

blank reports which contain the penalty provisions of this section shall

be deemed sufficient notice of such penalties.