N.Y. Village Law § 14-1430: Tax for unpaid assessments

§ 14-1430 Tax for unpaid assessments. The board of trustees shall

include in the annual tax levy the principal or interest accruing during

the same fiscal year upon bonds, notes or certificates of indebtedness

issued on account of default in the payment of local assessments under

this article, and shall levy the same upon the lots or parcels in

default.

Such principal shall be apportioned among the lots or parcels in

default so that the tax thereon will be the same as if an equal portion

of the assessment were then to be paid. Interest on an unpaid assessment

shall be added to such tax at the rate payable by the bond, note or

certificate of indebtedness, which must be computed to the time when the

principal or an instalment will become due; or if no principal will

become due during the fiscal year, then the interest accruing during

that year upon the assessment must be levied upon such lot or parcel.