When the licensing authority of the municipality where the premises are located has determined that the applicant possesses the requisite qualifications to receive a license, the licensing authority shall issue a license to an applicant as an authorized games of chance lessor upon payment by the applicant of a license fee of $50 for each scheduled games of chance license period.
N.Y. Comp. Codes R. & Regs. Tit. 9 § 4606.4