N.Y. Tax Law § 270-b

§ 270-b. Exemption of certain transfers to legatees and others. The\ntax imposed by sections two hundred seventy and two hundred seventy-a of\nthis chapter shall not be imposed upon any deliveries or transfers by an\nexecutor or administrator to a legatee, heir or distributee of shares or\ncertificates of stock if it is shown to the satisfaction of the tax\ncommission that the value of such shares or certificates is not greater\nthan the amount of the tax that would otherwise be imposed on such\ndelivery or transfer.\n