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2021 New York Laws
PEN - Penal
Part 3 - Specific Offenses
Title J - Offenses Involving Theft
Article 155 - Larceny
155.20 - Larceny; Value of Stolen Property.

Universal Citation: NY Penal L § 155.20 (2021)
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§ 155.20 Larceny; value of stolen property.
  For  the  purposes  of  this  title,  the  value  of property shall be
ascertained as follows:
  1. Except as otherwise specified in  this  section,  value  means  the
market  value  of the property at the time and place of the crime, or if
such cannot be satisfactorily ascertained, the cost  of  replacement  of
the property within a reasonable time after the crime.
  2.  Whether or not they have been issued or delivered, certain written
instruments, not including those having a readily  ascertainable  market
value  such  as some public and corporate bonds and securities, shall be
evaluated as follows:
  (a) The value of an instrument constituting an evidence of debt,  such
as  a check, draft or promissory note, shall be deemed the amount due or
collectable thereon or thereby, such figure ordinarily  being  the  face
amount  of  the  indebtedness  less  any  portion thereof which has been
satisfied.
  (b) The value of a ticket or equivalent instrument which  evidences  a
right  to receive a transportation, entertainment or other service shall
be deemed the price stated thereon, if any; and if no  price  is  stated
thereon the value shall be deemed the price of such ticket or equivalent
instrument which the issuer charges the general public.
  (c)  The  value  of  any  other  instrument  which  creates, releases,
discharges or otherwise affects any valuable legal right,  privilege  or
obligation  shall  be  deemed the greatest amount of economic loss which
the owner of the instrument might reasonably suffer  by  virtue  of  the
loss of the instrument.
  3.  Where  the  property consists of gas, steam, water or electricity,
which is provided for charge or compensation, the  value  shall  be  the
value of the property stolen in any consecutive twelve-month period.
  4.  When  the  value  of property cannot be satisfactorily ascertained
pursuant to the standards set forth in subdivisions one and two of  this
section, its value shall be deemed to be an amount less than two hundred
fifty dollars.
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