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Under New York Penal Code § 155.25 you will face a charge of petit larceny if you steal property. However, petit larceny only applies if the property that you are accused of stealing has a value that is less than $1,000. Otherwise, the charge will be grand larceny.
Extortion, the proper legal term for Blackmail, is defined in New York Penal Law 155.05(2)(e). In general terms, if you compel, intimidate, frighten or coerce another person to give you property (usually, but not necessarily, money) under duress, you have likely satisfied the first element of this offense.
1. A person steals property and commits larceny when, with intent to deprive another of property or to appropriate the same to himself or to a third person, he wrongfully takes, obtains or withholds such property from an owner thereof.
Probably the best way to get petty theft charges dropped is to present exculpatory evidence. By showing the district attorney that he or she will probably not be able to secure a conviction, it can convince law enforcement to drop the charges.
The New York State penal code says: A person is guilty of grand larceny in the third degree when he or she steals property and: When the value of the property exceeds three thousand dollars, or. The property is an automated teller machine or the contents of an automated teller machine.