N.Y. Tax Law § 213: Payment and lien of tax

§ 213. Payment and lien of tax. 1. To the extent the tax imposed by

section two hundred nine of this chapter shall not have been previously

paid pursuant to section two hundred thirteen-b of this chapter,

a. such tax, or the balance thereof, shall be payable to the

commissioner in full at the time the report is required to be filed, and

b. such tax, or the balance thereof, imposed on any taxpayer which

ceases to exercise its franchise or to be subject to the tax imposed by

this article shall be payable to the commissioner at the time the report

is required to be filed, provided such tax of a domestic corporation

which continues to possess its franchise shall be subject to adjustment

as the circumstances may require; all other taxes 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. If any taxpayer, within the time prescribed by section two hundred

eleven of this article, shall have applied for an automatic extension of

time to file its annual report and shall have paid to the commissioner

of taxation and finance on or before the date such application is filed

an amount properly estimated as provided by said section, the only

amount payable in addition to the tax shall be interest at the

underpayment rate set by the commissioner pursuant to section one

thousand ninety-six of this chapter, or, if no rate is set, at the rate

of six per centum per annum upon the amount by which the tax, or the

portion thereof payable on or before the date the report was required to

be filed, exceeds the amount so paid. For purposes of the preceding

sentence:

a. an amount so paid shall be deemed properly estimated if it is

either (i) not less than ninety per centum of the tax as finally

determined, or (ii) not less than the tax shown on the taxpayer's report

for the preceding taxable year, if such preceding year was a taxable

year of twelve months; and

b. the time when a report is required to be filed shall be determined

without regard to any extension of time for filing such report.

3. The commissioner may grant a reasonable extension of time for

payment of any tax imposed by this article under such conditions as he

or she deems just and proper.