New York Consolidated Laws, Tax Law - TAX § 957. Modification for limited powers of appointment created prior to September first, nineteen hundred thirty

(a) General.--In determining the New York gross estate, there shall be added to the federal gross estate of a deceased resident the value of all property (other than real and tangible personal property situated outside New York state) passing under a limited power of appointment exercised by the decedent (A) by will or (B) by a disposition which is of such nature that if it were a transfer of property owned by him, such property would be includible in his federal gross estate under section two thousand thirty-five, two thousand thirty-six, two thousand thirty-seven or two thousand thirty-eight of the internal revenue code.  1

(b) Definition.--For purposes of this section, a limited power of appointment means a power--