Penal Law § 155.42 · Article 155. Larceny
Grand larceny in the first degree
Text — Law content up to date as of October 23, 2026, as published by the New York State Senate (Open Legislation)
* § 155.42 Grand larceny in the first degree.
A person is guilty of grand larceny in the first degree when such person steals property and when:
1. The value of the property exceeds one million dollars; or
2. The property consists of retail goods or merchandise stolen pursuant to a common scheme or plan or a single, ongoing intent to deprive another or others of the property or to appropriate the property to the actor or another person and the value of the property exceeds one million dollars, which value may be determined by the aggregate value of all such property regardless of whether the goods or merchandise were stolen from the same owner. Nothing in this subdivision shall be read to limit the ability to aggregate the value of any property or the ability to charge the larceny of retail goods or merchandise under another applicable provision of law.
Grand larceny in the first degree is a class B felony.
* NB Separately amended; cannot be put together * § 155.42 Grand larceny in the first degree.
A person is guilty of grand larceny in the first degree when:
1. such person steals property and when the value of the property exceeds one million dollars; or
2. such person commits deed theft, regardless of the value, of (a) residential real property that is occupied as a home by at least one person; or (b) residential real property that involves a home that is owned by an elderly person, an incompetent, an incapacitated person, or physically disabled person; or (c) three or more residential real properties.
Grand larceny in the first degree is a class B felony.
* NB Separately amended; cannot be put together
Source of truth
- Edition
- Law content up to date as of October 23, 2026, as published by the New York State Senate (Open Legislation)
- Official file
- https://legislation.nysenate.gov/pdf/laws/PEN155.42
- Text hash
- sha256 6acb148ebb763d11dff3a8dc98303d1b5cdd6b62052ee6dbba46c5220e649910
- Composed by
- gen_ny_statutes.py 2026-11-10: the Senate's Open Legislation law tree (GET /api/3/laws/<ID>?full=true) read in document order; the Senate's PDF of the whole law (GET /pdf/laws/<ID>?full=true), read with PDFium, prints the same words in the same order
- The Senate's note "Separately amended; cannot be put together * § 155.42 Grand larceny in the first degree.": separate amendments it could not combine are printed one after the other.
- The Senate's note "Separately amended; cannot be put together": separate amendments it could not combine are printed one after the other.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.