2006 New York Code - Redemption Of A Partial Interest

 
    §  1114.  Redemption  of  a  partial  interest.  1. A person having an
  interest in a specific or an undivided part of any parcel subject  to  a
  delinquent tax lien, or in an undivided share in any parcel out of which
  an undivided part is subject to such lien, may redeem such part or share
  by  paying the portion of the total amount required for redemption as is
  in proportion to the portion of  the  taxable  assessed  value  of  such
  property attributable to such interest.
    2.  Such  payment  shall  be  accompanied  by an apportionment of such
  taxable assessed value prepared by the assessor of the assessing unit in
  which such property is located in the manner prescribed by section  nine
  hundred  thirty-two  of  this  chapter,  or  such  other  law  as may be
  applicable, and the rules of the state board relating thereto.
    3. When a partial interest is redeemed in  a  parcel  which  has  been
  included  on  a list of delinquent taxes that has been filed pursuant to
  section eleven hundred twenty-two of this article, but some  or  all  of
  the  remainder  of  the parcel remains unredeemed, the enforcing officer
  shall, upon request, issue a certificate of redemption,  describing  the
  part  or  share  of  the  parcel  so redeemed as it was described on the
  apportionment provided by the assessor pursuant to  the  applicable  law
  and  rules.   Upon the filing of such certificate with the county clerk,
  the county clerk shall  enter  on  such  list  the  notation  "partially
  redeemed"  and  the date of the filing, opposite the description of such
  parcel. The notation "partially redeemed" shall have no effect upon  the
  notice  of pendency relating to the portion of the parcel on which taxes
  remain unpaid.