NY Real Prop Tax L § 1326 (2021)
2021 New York Laws RPT - Real Property Tax Article 13 - 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duly adopted prior to the annual tax levy in any year determine that  thereafter  and until  such  action  be  rescinded  by the school authorities, any taxes levied by it upon real property situate within the school  district  may be  paid  in  installments,  not  exceeding 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.