What you are asking is how method overload resolution works. According to the C# language specification, the rule to find the best method is:
Given an argument list A with a set of argument types {A1, A2, ...,
AN} and two applicable function members MP and MQ with parameter types
{P1, P2, ..., PN} and {Q1, Q2, ..., QN}, MP is defined to be a better
function member than MQ if
for each argument, the implicit conversion
from AX to PX is not worse than the implicit conversion from AX to QX,
and
for at least one argument, the conversion from AX to PX is better
than the conversion from AX to QX.
When performing this evaluation, if
MP or MQ is applicable in its expanded form, then PX or QX refers to a
parameter in the expanded form of the parameter list.
Update
The above explanation is from the VS. NET 2003 specification, and should be considered outdated. The C# speficiation for VS 2015 can be found in the installation folder of VS 2015, at C:\Program Files (x86)\Microsoft Visual Studio 14.0\VC#\Specifications\1033
The specification for the "better function member" reads at follows:
7.5.3.2 Better function member
For the purposes of determining the better function member, a
stripped-down argument list A is constructed
containing just the argument expressions themselves in the order they
appear in the original argument list.
Parameter lists for each of the
candidate function members are constructed in the following way:
The expanded form is used if the function member was applicable only
in the expanded form.
Optional parameters with no corresponding
arguments are removed from the parameter list
The parameters are
reordered so that they occur at the same position as the corresponding
argument in the argument list.
Given an argument list A with a set of
argument expressions { E1, E2, ..., EN } and two applicable function
members MP and MQ with parameter types { P1, P2, ..., PN } and { Q1,
Q2, ..., QN }, MP is defined to be a better function member than MQ if
for each argument, the implicit conversion from EX to QX is not
better than the implicit conversion from EX to PX, and
for at least
one argument, the conversion from EX to PX is better than the
conversion from EX to QX.
When performing this evaluation, if MP or MQ
is applicable in its expanded form, then PX or QX refers to a
parameter in the expanded form of the parameter list.
In case the
parameter type sequences {P1, P2, …, PN} and {Q1, Q2, …, QN} are
equivalent (i.e. each Pi has an identity conversion to the
corresponding Qi), the following tie-breaking rules are applied, in
order, to determine the better function member.
If MP is a
non-generic method and MQ is a generic method, then MP is better than
MQ.
Otherwise, if MP is applicable in its normal form and MQ has a
params array and is applicable only in its expanded form, then MP is
better than MQ.
Otherwise, if MP has more declared parameters than
MQ, then MP is better than MQ. This can occur if both methods have
params arrays and are applicable only in their expanded forms.
Otherwise if all parameters of MP have a corresponding argument
whereas default arguments need to be substituted for at least one
optional parameter in MQ then MP is better than MQ.
Otherwise, if
MP has more specific parameter types than MQ, then MP is better than
MQ. Let {R1, R2, …, RN} and {S1, S2, …, SN} represent the
uninstantiated and unexpanded parameter types of MP and MQ. MP’s
parameter types are more specific than MQ’s if, for each parameter, RX
is not less specific than SX, and, for at least one parameter, RX is
more specific than SX:
A type parameter is less specific than a
non-type parameter.
Recursively, a constructed type is more specific
than another constructed type (with the same number of type arguments)
if at least one type argument is more specific and no type argument is
less specific than the corresponding type argument in the other.
An
array type is more specific than another array type (with the same
number of dimensions) if the element type of the first is more
specific than the element type of the second.
Otherwise if one
member is a non-lifted operator and the other is a lifted operator,
the non-lifted one is better.
Otherwise, neither function member is
better.
Another good source is the explanation on C# in Depth by Jon Skeet.