For AI agents: read the machine-readable documentation index at /llms.txt or the single-file full reference at /llms-full.txt.
Form a Business

Duties when accumulations in sinking funds are insufficient.

NYC Admin. Code § 5-206
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
§ 5-206 Duties when accumulations in sinking funds are insufficient. Whenever it shall appear to the mayor that the accumulations in any sinking fund of the city established prior to July first, nineteen hundred eighty-one will be insufficient to meet the payment of any corporate stock falling due in the next following fiscal year redeemable therefrom, it shall be the mayor's duty to include in the annual budget for such year, such an amount to be applied to the payment of such corporate stock as shall be sufficient to meet any such deficiency, and the amount shall be paid into such sinking fund.
Source: City of New York, Charter, Administrative Code and Rules (American Legal Publishing XML export, codelibrary.amlegal.com)URL: https://codelibrary.amlegal.com/codes/newyorkcity/latest/NYCadmin/0-0-0-2238Fetched: 10/24/2026

Starting a business in New York? New York LLC guide: costs and requirements

5-206 | Corpus