New York statute
N.Y. Penal Law § 155.42 — Grand larceny in the first degree
Current through 2026 legislative session (LBDC text via OpenLegislation as of 2026-07-17)
Part of Article 155: Larceny, New York Penal Law.
Criminal charges under this statute
Full text of N.Y. Penal Law § 155.42
Statutory text current through the 2026 legislative session (LBDC text via OpenLegislation as of 2026-07-17). This publication reproduces the text of the Consolidated Laws of New York as provided by the New York State Senate's Open Legislation service (Legislative Bill Drafting Commission statutory text); it is not the official statutes of the State of New York.
* § 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
Official sources
Legal terms used in this section
Questions this section answers
What class of felony is grand larceny in the first degree in New York?
Grand larceny in the first degree is a Class B Felony in New York under N.Y. Penal Law § 155.42.
Which New York statute covers grand larceny in the first degree?
Grand larceny in the first degree is governed by N.Y. Penal Law § 155.42 (Grand larceny in the first degree).
This reference is informational and is not legal advice.