This article is enacted pursuant to § 339-y,
Subdivision 1(f), of the Real Property Law and § 581, Subdivision
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 § 339-y, Subdivision 1(f), of the Real Property
Law and § 581, Subdivision 1(c), of the Real Property Tax
Law shall not result in those units being assessed pursuant to § 581,
Subdivision 1(a) of the Real Property Tax Law.