Updated August 7, 2026. Quick answer: every figure Clear Money Guide holds about New York, on one page, each one copied from a dataset that cites its own statute or agency. Built for reporters on deadline — take any line, follow the link for the source.
What stands out about New York
These are the figures where New York differs most from the rest of the country — selected by counting how many jurisdictions share each value, not by editorial preference.
- Return deadline: 14 days after the tenant vacates — the only jurisdiction of the 51 we have data for
- Five year total: $352 — the only jurisdiction of the 48 we have data for
- Contested: Yes — the only jurisdiction of the 47 we have data for
- Aggregate limit: $500,000 — one of only 8 of 48
What dying costs here
- Small estate limit: 50000
- Small estate scope: personal_only
- State estate tax exemption: 7350000
Source and full detail: the cost-of-dying index. Figures copied from those pages, which own them.
Estate and property law status
- Authorized: yes
- Statute or act: N.Y. Executive Law 135-c
- Effective date: 2023-01-31
- Conditions: Notary must be physically present in New York State when performing the act and must register with the Department of State (registration opened 2023-02-01). Requires two or more different identity-authentication processes (personal knowledge may satisfy this alone); technology must be secure from…
- Association name: Life and Health Insurance Company Guaranty Corporation of New York
- Aggregate limit: $500,000
- Statute citation: N.Y. Ins. Law § 7708(a)(2), (b) (Article 77, Life and Health Insurance Company Guaranty Corporation of New York Act)
- Free look days: a range, not a fixed number: ‘not less than ten days nor more than thirty days’ – the insurer selects the exact period within that band and states it in the policy; 30 days is MANDATORY for policies sold by mail order
- Trigger: the date the policy was delivered to the policy owner (Ins. Law 3203(a)(11)); the disclosure requirement in Ins. Law 3209 instead runs from RECEIPT of the policy and policy summary
- Extended windows: 30 days for policies sold by mail order (statutory, Ins. Law 3203(a)(11)); 30 days for mail solicitations under Ins. Law 3209
- Refund basis: either (i) any premium paid for the policy, including any policy fees or other charges, or (ii) for a policy providing for adjustment of the cash surrender benefit under a market-value-adjustment formula that so provides, the adjusted cash surrender benefit assuming no surrender charge plus all f…
- Grace period days: 31 days (or one month) for ordinary policies; 61 days for policies in which the amount and frequency of premiums may vary
- Coverage during grace: the policy shall continue in full force; if death occurs within the grace period the insurer may deduct from the policy proceeds the portion of any unpaid premium applicable to the period ending with the last day of the policy month in which the death occurred
- Variations: 61 days for variable/flexible-premium policies as above; 3203(a)(2) does not apply to single premium or paid-up policies
Source and full detail: notary rules by state · guaranty association limits · life insurance free-look periods · life insurance grace periods. Figures copied from those pages, which own them.
Working and earning here
- Quit deadline: Regular payday for the pay period in which termination occurred
- Fired deadline: Regular payday for the pay period in which termination occurred (same rule as quit)
- Statute citation: NY Labor Law 191, 198
- Has law: Yes
- Disclosure trigger: in the job posting
- Employer threshold: 4 or more employees
- Covers remote roles: Yes
- Effective date: 2023-09-17
- Salary history ban: Yes
- Local ordinances: New York City: Local Law 32 of 2022 as amended by Local Law 59 of 2022, codified at N.Y.C. Admin. Code § 8-107(32) (NYC Human Rights Law). Effective November 1, 2022 — almost eleven months BEFORE the state law. Threshold: four or more employees, or one or more domestic workers; owners and individ…
- Wage replacement: 67% of the employee’s average weekly wage, CAPPED at 67% of the New York State Average Weekly Wage — flat percentage, not progressive
- Max weeks family: 12
- Funding: employee only — 0.432% of gross wages per pay period in 2026, capped at $411.91 per year
- Benefits effective date: 2018-01-01
- Mandatory: Yes
- Test: Two-step. (1) The regulation, 20 NYCRR 132.18(a), requires that ‘any allowance claimed for days worked outside New York State must be based upon the performance of services which of necessity, as distinguished from convenience, obligate the employee to out-of-state duties in the service of his em…
- Authority: regulation + department guidance
- Contested: Yes
Source and full detail: final paycheck laws by state · pay transparency laws by state · paid family leave by state · the convenience-of-the-employer rule. Figures copied from those pages, which own them.
Renting here
- Deposit cap: 1 month’s rent (maximum)
- Return deadline: 14 days after the tenant vacates
- Statute citation: N.Y. Gen. Oblig. Law § 7-108
Source and full detail: security deposit law by state. Figures copied from those pages, which own them.
Starting a business here
- Formation fee: $200
- Annual report: $9 biennial statement
- Franchise tax: $25–$4,500 annual NYS filing fee (Form IT-204-LL), based on prior-year New York source gross income
- Publication requirement: REQUIRED — 6 consecutive weeks in 2 county-designated newspapers, then a $50 Certificate of Publication. The $50 is the ONLY verifiable figure; the newspaper cost is county-driven and no official source publishes a range.
- Expedite options: $25 24-hour; $75 same-day; $150 2-hour
- Statute citation: N.Y. Ltd. Liab. Co. Law § 206 (publication); § 301(e) (biennial statement); § 1101(c), (f), (s) (fees); N.Y. Tax Law § 658 as implemented by Form IT-204-LL
- Five year total: $352
Source and full detail: LLC cost by state. Figures copied from those pages, which own them.
Tax treatment here
- Has law: Yes
- Treatment: ordinary income
- Rate: 10.9% top marginal
- Preferential mechanism: none
- Tax year: 2025
Source and full detail: capital gains tax by state. Figures copied from those pages, which own them.
For journalists: how to cite this
Clear Money Guide, New York Money Statistics 2026. https://clearmoneyguide.com/state-money-statistics/new-york/. Every figure on this page is copied from a Clear Money Guide dataset that states its own primary source and the date it was read — follow the section links for the statute or agency behind any number. Free to reuse with attribution under CC BY 4.0.
What this sheet does and does not contain
This sheet aggregates; it does not research. Every figure is copied from the owning page linked in each section, and a figure we do not own is simply absent — not estimated, not inferred from a neighbouring state. That is why sheets differ in length: this one states 50 figures, and a state where we hold less will show fewer. A short sheet means we have less, not that the state has less.
Statutory law changes. Each linked owner page carries the date its figures were read; check there before relying on anything here. See also New York financial adviser statistics and all 51 state money sheets.
General information about published law and public data, not legal, tax or investment advice. No advertising appears on this page and we earn nothing from it.