Section 960. Payment of taxes by loan corporations

1. Any municipal
  corporation may, as provided in this title,  accept  payment  of  taxes,
  including  special  ad  valorem  levies and special assessments, on real
  property from any corporation organized under the laws of the  state  of
  New York for the purpose of extending loans to taxpayers for the payment
  of taxes.
    2.  Upon such a payment, a conditional tax receipt shall be issued and
  the amount thereof conditionally credited by the  municipal  corporation
  against  the  taxes  due  on the property for which payment is made, but
  such payment shall not extinguish the tax  lien  existing  against  such
  property   until   the   conditional  tax  receipt  is  surrendered  for
  cancellation to the municipal corporation.
    3. Payments made pursuant to this section may be used by the municipal
  corporation in the same manner as if made directly by the taxpayer.