2006 New York Code - Assessment Of Property Of New Or Surviving Corporation.

 
    §  144.  Assessment  of property of new or surviving corporation.  The
  real estate of such new or surviving corporation,  situate  within  this
  state, shall be assessed and taxed in the several towns and cities where
  the  same  shall  be situated in like manner as the real estate of other
  railroad corporations  is  or  may  be  taxed  and  assessed,  and  such
  proportion  of  the  capital  stock and personal property of such new or
  surviving corporation shall in like manner be assessed and taxed in this
  state, as the number of miles of its  railroad  situate  in  this  state
  bears to the total number of miles of its railroad.