There is no grace period for registration in NYC. If the sticker is expired, you will be given a hefty fine if a traffic cop happens to notice (and they do!). You can be fined even if you paid for your registration renewal but have not yet received it in the mail. The sticker has to be valid and properly displayed. And make sure to remove the old sticker. They can actually give you a fine for that, too.
If your registration is expired, or about to expire, go to the DMV in Manhattan right away. They will issue your renewal sticker that day.
Inspection stickers, however, do not expire on a specific date. You have until the last day of the month indicated on your sticker to have your vehicle pass inspection.
Hope this was helpful!
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