§ 635. Credit to trust beneficiary receiving accumulation\ndistribution. A nonresident or part-year resident beneficiary of a trust\nwhose New York source income includes all or part of an accumulation\ndistribution by such trust, as defined in section six hundred sixty-five\nof the internal revenue code, shall be allowed a credit against the tax\notherwise due under this article, computed in the same manner and\nsubject to the same limitation as provided by section six hundred\ntwenty-one with respect to a resident beneficiary except that such\nlimitation shall be applied as if it also referred to an exclusion from\nNew York source income.\n
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