New York Laws
Article 91 - Taxes and Fees
9109 - Refunds and Penalties.

(2) The superintendent shall retain from the taxes collected pursuant
to this article an amount sufficient to provide at all times a fund not
to exceed ten thousand dollars out of which he shall pay any refunds to
which taxpayers shall be entitled under this article.
(b) (1) If a company, association or person fails within the
prescribed time to file any report or statement required by this article
or by section two thousand one hundred eighteen of this chapter, or to
make any payment due under the provisions of this article or sections
three hundred thirty-three, one thousand one hundred twelve, two
thousand one hundred five, two thousand one hundred eighteen or four
thousand four hundred seven of this chapter or section two hundred six
of the financial services law, the superintendent may order such
company, association or person to pay to the people of this state the
following penalties:
(A) not less than one hundred nor more than five hundred dollars for
each and every failure to file a report or statement within the time
prescribed;
(B) five percent of the principal amount of any payment due plus an
additional one percent of said sum for the second and subsequent months
or fractions thereof during which payment has not been made.
(2) The superintendent may, in his discretion, waive or remit all or
any part of such penalties if he finds that delay was excusable.