New York Laws
Article 2-D - City Personal Income Tax on Residents
25-C - Administrative Provisions.

§ 25-c. Administrative provisions.-- Any local law adopted pursuant to
this article may also contain, in addition to the provisions set forth
in section twenty-five-a of this chapter, and to the extent consistent
with this article, other provisions necessary and appropriate for the
imposition, collection and administration of the tax herein authorized,
including a provision substantially the same as the following:

Whenever there is made a sale, transfer or assignment in bulk of any
part or the whole of a stock of merchandise or of fixtures, or
merchandise and of fixtures pertaining to the conducting of the business
of the seller, transferrer or assignor, otherwise than in the ordinary
course of trade and in the regular prosecution of said business, the
puchaser, transferee or assignee shall at least ten days before taking
possession of such merchandise, fixtures, or merchandise and fixtures,
or paying therefor, notify the administrator by registered mail of the
proposed sale and of the price, terms and conditions thereof, whether or
not the seller, transferrer or assignor, has represented to, or informed
the purchaser, transferee or assignee, that it owes any tax pursuant to
this local law, whether or not the purchaser, transferee or assignee has
knowledge that such taxes are owing, and whether or not any such taxes
are in fact owing.

Whenever the purchaser, transferee or assignee shall fail to give the
notice to the administrator required by the preceding paragraph, or
whenever the administrator shall inform the purchaser, transferee or
assignee that a possible claim for such tax or taxes exists, any sums of
money, property or choses in action, or other consideration, which the
purchaser, transferee or assignee is required to transfer over to the
seller, transferrer or assignor shall be subject to a first priority
right and lien for any such taxes theretofore or thereafter determined
to be due from the seller, transferrer or assignor to the city, and the
purchaser, transferee or assignee is forbidden to transfer to the
seller, transferrer or assignor any such sums of money, property or
choses in action to the extent of the amount of the city's claim. For
failure to comply with the provisions of this subdivision the purchaser,
transferee or assignee, in addition to being subject to the liabilities
and remedies imposed under the provisions of article six of the uniform
commercial code, shall be personally liable for the payment to the city
of any such taxes, theretofore or thereafter determined to be due to the
city from the seller, transferrer or assignor and such liability may be
assessed and enforced in the same manner as the liability for tax is
imposed under this local law.

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