Section 67 - Payment of tax and penalties1.The taxes imposed by sections sixty-one and sixty-two of this part shall be due and payable at the time of filing the report required by section sixty-six, or, in case such a report is not filed when due, on the last day specified for the filing thereof, except that the tax upon dividends imposed by section sixty-two of this part shall be due and payable at the time of filing the report for the period ending June thirtieth, or, in case such report is not filed when due, on the last day specified for the filing thereof.2.Where an application for consent to dissolution, as provided by section one hundred five of the stock corporation law or section one thousand four of the business corporation law, is filed with the director of finance prior to the commencement of any tax year or period, by a corporation subject to tax under this part, such corporation shall not be liable for any tax imposed by this part for such following year or period (except as may be otherwise provided in section sixty-three), provided that the certificate of dissolution for such corporation is duly filed in the office of the secretary of state within twenty days after the filing of such application.3.Notwithstanding any other provision of this part, the director of finance may grant a reasonable extension of time for payment of any tax imposed by this part under such conditions as he deems just and proper.N.Y. General City Model Law § 67