New York Consolidated Laws, Penal Law - PEN § 155.40 Grand larceny in the second degree
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A person is guilty of grand larceny in the second degree when he steals property and when:
1. The value of the property exceeds fifty thousand dollars; or
2. The property, regardless of its nature and value, is obtained by extortion committed by instilling in the victim a fear that the actor or another person will (a) cause physical injury to some person in the future, or (b) cause damage to property, or (c) use or abuse his position as a public servant by engaging in conduct within or related to his official duties, or by failing or refusing to perform an official duty, in such manner as to affect some person adversely.
Grand larceny in the second degree is a class C felony.
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