The following information used to be true but no longer applies in the State of New York.
There is a minimum tax of $10 on shares that the corporation is authorized to issue which must be paid at the time of formation of the corporation. The $10 tax authorizes the corporation to issue a maximum of 200 shares no par value or a par value of all authorized shares up to $20,000. Corporations wishing to be authorized to issue more than 200 shares no par value or par value shares totaling more than $20,000 will incur a tax of more than $10. The tax rate is 5 cents per share of no par value stock and 1/20 of one percent (.05%) of the par value of the shares that have a stated par value.
The statutes in New York have changed and now you can easily choose any stock structure which best fits the companies needs without the worry of the additional tax on shares. Out of habit at this point most corporations formed in the State of New York are still 200 Shares NPV.