N.Y. TAX Law § 1206

§ 1206. Imposition of taxes on deeds in the city of Peekskill. (a)\nNotwithstanding any provision of law to the contrary, the local\ngoverning body of the city of Peekskill, by the adoption and amendment\nof local laws, ordinances or resolutions may impose in such city and\nprovide for the administration and collection of a tax on deeds by which\nreal property is conveyed in such city in the manner set forth and as\nauthorized in subdivision (b) of this section.\n (b) There is hereby imposed in the city of Peekskill a tax on each\ndeed by which any real property is conveyed (measured by the\nconsideration or value of the interest or property conveyed) at a rate\nnot to exceed one percent of such consideration or value with respect to\nall conveyances, provided that such city may allow deductions for any\nliens on such interest or property and may also allow an exemption not\nin excess of one hundred thousand dollars on the consideration or value\nof the interest or property conveyed. Provided, further, that such taxes\nshall not apply if the contract for any such conveyance was made prior\nto September first, two thousand seven. Such taxes may be imposed on any\nconveyance or transfer of real property or interest therein by deed\nwhere the real property is located in such city regardless of where\ntransactions, negotiations, transfers of deeds or other actions with\nregard to the transfer or conveyance take place, subject only to the\nrestrictions contained in section twelve hundred thirty. The payment of,\nand the filing of a return relating to, any such taxes may be required\nas a condition precedent to the recording of a deed.\n