§ 489-jj. State equalization rate. 1. In determining railroad
ceilings, the commissioner shall apply the latest state equalization
rate for the appropriate assessing unit, except that, if a special
equalization rate has been established as provided in subdivision two of
this section, such rate shall be applied. For the purposes of this
title, the equalization rate to be applied in computing railroad
ceilings in the city of New York shall be computed by the commissioner
on a city-wide basis, giving appropriate weight to the latest state
equalization rates or special equalization rates of the five counties
within such city.

2. The commissioner shall establish a special equalization rate for
the purposes of this section where there has been a change in level of
assessment on the assessment roll for which a railroad ceiling is to be
determined, subject to the provisions of title two of article twelve of
this chapter, or the state equalization rate that would otherwise be
applied reflects the level of assessment on the property subject to the
railroad ceiling or where a final state equalization rate has not been
established for the assessment roll of the preceding year.