N.Y. Real Property Tax Law § 960: Payment of taxes by loan corporations

§ 960. Payment of taxes by loan corporations. 1. Any municipal

corporation may, as provided in this title, accept payment of taxes,

including special ad valorem levies and special assessments, on real

property from any corporation organized under the laws of the state of

New York for the purpose of extending loans to taxpayers for the payment

of taxes.

2. Upon such a payment, a conditional tax receipt shall be issued and

the amount thereof conditionally credited by the municipal corporation

against the taxes due on the property for which payment is made, but

such payment shall not extinguish the tax lien existing against such

property until the conditional tax receipt is surrendered for

cancellation to the municipal corporation.

3. Payments made pursuant to this section may be used by the municipal

corporation in the same manner as if made directly by the taxpayer.