N.Y. Real Prop. Tax Law § 489-ggg

§ 489-ggg. Continuation of tax exemption; termination of tax\nexemption. The tax exemption approved by the board shall continue in\naccordance with this title, provided that the applicant files an annual\ncertificate of continuing use stating that the structure and property\ncontinue to be used for the industrial or commercial purposes justifying\nthe issuance of the certificate of eligibility. The certificate of\ncontinuing use shall be filed with the tax commission on such form or\nforms and containing such information as shall be prescribed by the tax\ncommission. The tax commission shall have authority to terminate a tax\nexemption on failure of an applicant to file an annual certificate of\ncontinuing use or on the recommendation of the finance commissioner who,\nin reviewing the certificate filed by an applicant, has determined that\nthe structure or property has ceased to be used for the industrial or\ncommercial purposes justifying the issuance of the certificate of\neligibility.\n