N.Y. GCM Law § 17
This is the official text of N.Y. GCM Law § 17, part of New York’s GCM Law — part of the compiled statutory law of New York, published by the state as "GCM Law." Browse the sections below, each linked to its official government source.
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Inventory
Official statutory text
§ 17. Inventory. Whenever in the opinion of the director of finance\nthe use of inventories is necessary in order clearly to determine the\nincome of any taxpayer, inventory shall be taken by such taxpayer upon\nsuch basis as the director of finance may prescribe, conforming as\nnearly as may be to the best accounting practice in the banking business\nand most clearly reflecting the income.\n
Status: in_force · Read it on the official government site
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