N.Y. Tax Law § 197: Payment of tax and penalties

§ 197. Payment of tax and penalties. 1. To the extent the taxes and

fees imposed by this article shall not have been previously paid,

(a) such taxes and fees, or the balance thereof, shall be payable to

the tax commission in full at the time the taxpayer's report is required

to be filed, and

(b) such taxes and fees, or the balance thereof, imposed on any

taxpayer which ceased to exercise its franchise or to be subject to any

of the taxes or fees imposed by this article shall be payable to the tax

commission at the time the report is required to be filed, provided any

such tax or fee of a domestic corporation which continues to possess its

franchise shall be subject to adjustment as the circumstances may

require; all other taxes and fees of any such taxpayer, which pursuant

to the foregoing provisions of this section would otherwise be payable

subsequent to the time such report is required to be filed, shall

nevertheless be payable at such time.

2. Where an application for consent to dissolution, as provided by

section one thousand four of the business corporation law, is filed with

the commissioner of taxation and finance, such consent shall be given

only if the commissioner of taxation and finance ascertains that all

fees and taxes imposed under this chapter or any related statute, as

defined in section eighteen hundred of this chapter, as well as

penalties and interest charges related thereto, accrued against the

corporation have been paid, and where such application for consent to

dissolution is filed with such commissioner prior to the commencement of

any tax year or period, by a corporation subject to tax under articles

nine or nine-a of this chapter, such corporation shall not be liable for

any tax imposed by said articles for such following year or period

(except as may be otherwise provided in section one hundred ninety-one,

subdivision nine of section one hundred eighty-two, subdivision nine of

section one hundred eighty-two-a, subdivision nine of section one

hundred eighty-two-b and subdivision three of section two hundred nine

of this chapter), provided that the certificate of dissolution for such

corporation is duly filed in the office of the secretary of state within

ninety days after the commencement of such tax year or period and such

corporation does not conduct business in such tax year or period.

3. Notwithstanding any other provision of this article, the tax

commission may grant a reasonable extension of time for payment of any

tax or fee imposed by this article under such conditions as it deems

just and proper.