It depends. According to the following NYS link, "The IRS determined that payments received from the nonqualified plan were wages for federal income tax purposes and were reported on a Form W-2 (only the amount in Box 11 – Nonqualified plans – is eligible for the exclusion). If there isn't an amount listed in Box 11, then this non-qualified pension payment is not eligible for the exclusion.
If you feel this is in error, you may wish to contact the HR Dept to issue a corrected W2 reflecting the amount in Box 11. It may be an error on their part for reporting in this Box 14 rather than Box 11. As MarilynJoy mentioned above, Box 14 is informational only thus anything recorded in this box has no impact on your tax return because it is strictly informational.
@E150
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