2006 New York Code - Payment And Lien Of Tax.

 
    §  11-606 Payment and lien of tax. 1. To the extent the tax imposed by
  section 11-603 of this subchapter shall not have  been  previously  paid
  pursuant to section 11-608 of this subchapter,
    (a)  such  tax,  or  the  balance  thereof,  shall  be  payable to the
  commissioner of finance 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 do business in the city or to be subject to the tax imposed by
  this  subchapter  shall be payable to the commissioner of finance at the
  time the report is required to be filed; 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.
    If  the taxpayer, within the time prescribed by section 11-605 of this
  subchapter, shall have applied for an automatic  extension  of  time  to
  file  its  annual  report  and  shall  have  paid to the commissioner of
  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 of finance pursuant to section 11-687 of this  chapter,
  or,  if  no  rate  is set, at the rate of six percent 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:
    (1)  an  amount  so  paid  shall be deemed properly estimated if it is
  either: (A)  not  less  than  ninety  percent  of  the  tax  as  finally
  determined  (computed  without  regard  to  any  credit  allowable under
  subdivision eleven of section 11-604 of this  subchapter),  or  (B)  not
  less than the tax shown (computed without regard to any credit allowable
  under  subdivision  eleven  of section 11-604 of this subchapter) on the
  taxpayer's report for the preceding taxable year, if such preceding year
  was a taxable year of twelve months; and
    (2) the time when a report is required to be filed shall be determined
  without regard to any extension of time for filing such report.
    2. The commissioner of finance may grant  a  reasonable  extension  of
  time  for  payment  of  any  tax  imposed  by this subchapter under such
  conditions as it deems just and proper.
    3. Subdivision one of this section shall apply to a taxpayer which has
  a right to a credit pursuant to subdivision eleven of section 11-604  of
  this subchapter, except that the tax, or balance thereof, payable to the
  commissioner  of  finance  in  full  pursuant to subdivision one of this
  section, at the time the report  is  required  to  be  filed,  shall  be
  calculated  and  paid  at  such  time  as  if the credit provided for in
  subdivision eleven  of  section  11-604  of  this  subchapter  were  not
  allowed.