This article is enacted pursuant to subdivision 1(f) of § 339-y
of the Real Property Law and § 581(1)(c) of the Real Property
Tax Law of the State of New York.
From and after the effective date of this article, conversions
from a dwelling unit to a condominium, as those conversions are defined
in subdivision 1(f) of § 339-y of the Real Property Law
and § 581(1)(c) of the Real Property Tax Law, shall not
result in those units being assessed pursuant to § 581(1)(a)
of the Real Property Tax Law.