2006 New York Code - Tax On Production Credit Associations.

 
    §  11-631  Tax  on  production  credit  associations.  Pursuant to the
  authority conferred by the federal farm credit act of  nineteen  hundred
  thirty-three,  every  production  credit association organized under the
  authority of the United States and located within  the  city  after  the
  stock  held  in it by the federal production credit corporation has been
  retired shall annually pay a tax measured by its net income, which shall
  be computed in the same manner as the tax imposed upon national  banking
  associations by section 11-623 and shall be subject to the provisions of
  sections 11-624 to 11-630 inclusive.