2012 New York Consolidated Laws
RPT - Real Property Tax
Article 13 - (1300 - 1342) SPECIAL PROVISIONS RELATING TO SCHOOL DISTRICTS
1326 - Payment of taxes in installments in city school districts.

 
    §  1326. Payment of taxes in installments in city school districts. 1.
  (a) Notwithstanding any of the provisions of this  chapter,  the  school
  authorities  of  a  city  school district may by resolution duly adopted
  prior to the annual tax levy in any year determine that  thereafter  and
  until  such  action  be  rescinded  by the school authorities, any taxes
  levied by it upon real property situate within the school  district  may
  be  paid  in  installments,  not  exceeding  six, on or before such days
  within the fiscal year for which such taxes are to be levied, as may  be
  prescribed by such resolution. The last such day shall not be later than
  the   thirtieth  day  preceding  the  end  of  such  fiscal  year.  Each
  installment shall be as nearly equal as possible.
    (b) If the resolution so provides, each installment  after  the  first
  installment  shall  include  interest on the balance calculated from the
  date on which the first installment was due at the  rate  as  determined
  pursuant  to section nine hundred twenty-four-a of this chapter for each
  one month period, or part thereof, as defined in  subdivision  three  of
  section  thirteen  hundred  twenty-eight  of  this  article  until  such
  installment is paid or until the return of the warrant by the collecting
  officer, whichever shall be the sooner. The amount of any such  interest
  shall be included in and be deemed part of the amount of the unpaid tax.
  All  taxes  remaining  unpaid  after  the  return  of the warrant by the
  collecting officer  shall  bear  interest  at  the  rate  as  determined
  pursuant  to section nine hundred twenty-four-a of this chapter for each
  such one month period, or part thereof.
    (c) Where such resolution does not provide for interest as  authorized
  by  paragraph  (b)  of  this subdivision, if any installment of taxes is
  paid on or before the date  when  due,  no  interest  shall  be  charged
  thereon;  if  not  so paid, interest shall be added to the amount of any
  such installment at the rate as  determined  pursuant  to  section  nine
  hundred twenty-four-a of this chapter for each one month period, or part
  thereof,  as  defined  in  subdivision three of section thirteen hundred
  twenty-eight of this article until such installment is paid or until the
  return of the warrant by the  collecting  officer,  whichever  shall  be
  sooner.  The  amount of such interest shall be included in and be deemed
  part of the amount of the unpaid tax. All taxes remaining  unpaid  after
  the  return of the warrant by the collecting officer shall bear interest
  at the rate as determined pursuant to section nine hundred twenty-four-a
  of this chapter for each such one month period, or part thereof.
    (d) Any such resolution shall state the number  of  installments,  not
  exceeding  six,  and  the  respective  dates upon which the taxes are to
  become payable. No installment may be paid unless all prior installments
  of current taxes, including interest, shall have been paid or  shall  be
  paid at the same time.
    2.  Whenever a resolution has been adopted pursuant to this section or
  section thirteen  hundred  twenty-seven  of  this  article,  the  notice
  required  to  be  given by the collecting officer shall state that taxes
  may be paid in installments as provided in the resolution. Warrants  for
  the  collection of taxes levied while such resolution continues in force
  shall contain appropriate directions for the collection of taxes in  the
  manner  specified in such resolution. Such warrant shall further command
  the collecting officer to whom  the  same  is  directed  to  return  his
  warrant  in the manner provided by this chapter within twenty days after
  the date on or before which the last installment of taxes must be paid.
    3. Notwithstanding the  foregoing  provisions  of  this  section,  the
  school  authorities  of  each  such  city school district shall have the
  power, by resolution duly adopted, to suspend  the  provisions  of  this
  section  in relation to the rates of interest payable on school district
  taxes remaining unpaid on the respective  installment  dates.  Upon  the

  adoption  of  such a resolution, the rates of interest payable on unpaid
  city taxes in such city,  according  to  law,  shall  be  the  rates  of
  interest  payable  on  school  district  taxes  remaining  unpaid on the
  respective  installment  dates.  Such  rates  shall remain so applicable
  until such school authorities, by resolution duly adopted, terminate the
  period of suspension of such provisions of this section.