Section 11-1408. Reserves  


Latest version.
  • In cases where the transferee or transferor has
      applied for a refund and  has  instituted  a  proceeding  under  article
      seventy-eight   of  the  civil  practice  law  and  rules  to  review  a
      determination adverse to the transferee or  transferor  on  his  or  her
      application  for  refund,  the  comptroller  shall  set  up  appropriate
      reserves to meet any decisions adverse to the city.