A statement of all minerals extracted from the premises covered by notice of discovery, together with the market value thereof, shall be made within six months from the time such products shall first be extracted, and semi-annually thereafter, under oath, to the commissioner, and payments of such royalty shall be made semi-annually to the commissioner at the time of making of such statement of minerals extracted. Such payments of royalty shall thereafter be transmitted to the state department of taxation and finance by the commissioner. Any wilful falsehood in the contents of such statement made by the filer to the commissioner shall work a forfeiture to the state of the value of the whole amount extracted during the period covered by such statement and he shall be immediately liable to the state for payment of said amount. Upon failure to make the statement of minerals extracted, when due, and the payments of royalty, when due, the commissioner may terminate all rights to explore and mine in the manner hereinafter provided. From time to time the legislature may provide for a different rate of compensation to be paid to the state or for other conditions or standards governing the exercise of the right to explore for or mine minerals on state lands or gold and silver on private lands.
N.Y. Pub. Lands Law § 82