§ 960. Payment of taxes by loan corporations. 1. Any municipal
corporation may, as provided in this title, accept payment of taxes,
including special ad valorem levies and special assessments, on real
property from any corporation organized under the laws of the state of
New York for the purpose of extending loans to taxpayers for the payment
of taxes.

2. Upon such a payment, a conditional tax receipt shall be issued and
the amount thereof conditionally credited by the municipal corporation
against the taxes due on the property for which payment is made, but
such payment shall not extinguish the tax lien existing against such
property until the conditional tax receipt is surrendered for
cancellation to the municipal corporation.

3. Payments made pursuant to this section may be used by the municipal
corporation in the same manner as if made directly by the taxpayer.