The National Rifle Association is on the brink of going broke and may soon 'be unable to exist', court documents have revealed.

The deep-pocketed pro-gun powerhouse claims that it has been unable to obtain financial services and has suffered 'irrecoverable loss and irreparable harm' after the state of New York pressured insurance companies to cut ties with the association.

The new court documents submitted in late July are part of an ongoing lawsuit against New York state, which the NRA claims has launched an unfair 'blacklisting campaign' against the pro-gun lobby, costing 'tens of millions of dollars in damages'.

New court filings have revealed the National Rifle Association is in deep financial trouble and could be on the brink of shutting it's doors. A complaint filed in late July as part of a lawsuit against the state of New York alleges there has been a conspiracy to pressure insurance companies and financial institutions not to work with the pro-gun powerhouse

Governor Andrew Cuomo announced Friday that the state will soon be filing a motion for the dismissal of the NRA's suit.

'New York will not be intimidated by the NRA's frivolous lawsuit to advance its dangerous gun-peddling agenda,' he said in a statement.

'Donald Trump and Washington, DC may be bought and paid for by the NRA, but in New York we are listening to the voices of people across the nation calling for action to keep our communities safe.

'While the NRA tries to play the victim, New York stands with the real victims — the thousands of people whose lives are cut short by gun violence every year.'

The NRA - which gave a record $21million to the Trump presidential campaign - filed the initial suit against Cuomo and state Department of Financial Services Superintendent Maria Vullo in May, alleging that they had been conspiring to pressure insurers and financial institutions to cut ties with the association.

The suit was filed shortly after the state slapped insurance broker Lockton Cos with a $7million fine for selling 'Carry Guard' coverage, which covers gun owners for the cost of a criminal defense.

According to the state, that coverage is illegal because the 'law prohibits insurance coverage to defense costs arising out of a crime'.

The NRA alleges that the state's actions have caused significant damage to the organization.

The suit claims that the loss of insurance coverage has threatened its day-to-day activities

A lead lawyer for the NRA, William Brewer III, told the New York Law Journal: 'Our client is suffering setbacks with respect to the availability of insurance and banking services — as a result of a political and discriminatory campaign meant to coerce financial institutions to refrain from doing business with the NRA.

'The actions of defendants are a blatant attack on the First Amendment rights of our organization.'

The suit says the group's core functions and day-to-day operations have been threatened by the loss of its liability insurance, without which the 'NRA cannot maintain its physical premises, convene off-site meetings and events, operate educational programs or hold rallies, conventions and assemblies.

The organization's magazine and streaming service NRA-TV are also at risk of being shuttered as a result of the financial turmoil.

Defendants seek to silence one of America's oldest constitutional rights advocates. If their abuses are not enjoined, they will soon, substantially, succeed.

'Insurance coverage is necessary for the NRA to continue its existence,' according to the new filing.

'The NRA's inability to obtain insurance in connection with media liability raises risks that are especially acute.'

In addition to losing insurance coverage, the suit claims 'multiple banks' have now declined to do business with the NRA 'based on concerns that any involvement with the NRA — even providing the organization with basic depository services — would expose them to regulatory reprisals.'

The new complaint did not specifically say how long the organization would be expected to survive if it is unable to win an injunction against the state, except that its death would be 'soon'.

'If the NRA is unable to collect donations from its members, safeguard the assets endowed to it, apply its funds to cover media buys and other expenses integral to its political speech, and obtain basic corporate insurance coverage, it will be unable to exist as a not-for-profit or pursue its advocacy mission,' it said.

'Defendants seek to silence one of America's oldest constitutional rights advocates. If their abuses are not enjoined, they will soon, substantially, succeed.'