Statute · New York General City Model
N.Y. General City Model § 125 — Extensions of time
N.Y. General City Model § 125
- Type
- Statute
- Source
- New York General City Model
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 125. Extensions of time. (a) General.--The director of finance may grant a reasonable extension of time for payment of tax or estimated tax (or any installment), or for filing any return, declaration, statement, or other document required pursuant to this title, on such terms and conditions as…
Citator
N.Y. General City Model § 125 — Extensions of time is in force in the current edition of the Code, and nothing recorded condemns it.
§ 125. Extensions of time. (a) General.--The director of finance may grant a reasonable extension of time for payment of tax or estimated tax (or any installment), or for filing any return, declaration, statement, or other document required pursuant to this title, on such terms and conditions as it may require. Except for a taxpayer who is outside the United States, no such extension for filing any return, declaration, statement or other document, shall exceed six months.
(b) Furnishing of security.--If any extension of time is granted for payment of any amount of tax, the director of finance may require the taxpayer to furnish a bond or other security in an amount not exceeding twice the amount for which the extension of time for payment is granted, on such terms and conditions as the director of finance may require.