{"data":{"id":"us-ny/n.y.-general-city-model-772-66-26","jurisdiction":"us-ny","citation":"N.Y. General City Model 772/66 § 26","heading":"Inventory","body":"§ 26. Inventory. Whenever in the opinion of the director of finance\nthe use of inventories is necessary in order clearly to determine the\nincome of any taxpayer, inventory shall be taken by such taxpayer upon\nsuch basis as the director of finance may prescribe, conforming as\nnearly as may be to the best accounting practice in the banking business\nand most clearly reflecting the income.","path":["General City Model 772/66","Part 3. Financial Corporation Tax","Subpart 2. Tax On National Banking Associations and Production Credit Associations"],"source_url":"https://legislation.nysenate.gov/api/3/laws/GCM/26","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:44Z","sha256":"d0a140295556620fdaffbe5c847df1935e20004551c8fd0a61481f9f3c159dda","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-general-city-model-772-66-25","next":"us-ny/n.y.-general-city-model-772-66-27"},"notice":"GroundRules: Original legal text. Not legal advice."}