N.Y. Banking Law § 479: Credit union not liable for taxation

§ 479. Credit union not liable for taxation. Any credit union subject

to the provisions of this article shall be deemed an institution for

savings within the meaning of the law which exempts such institutions

from taxation. No law which taxes corporations in any form, or the

shares thereof or the accumulations therein, shall apply to corporations

doing business in accordance with the provisions of this article, unless

such corporations are specifically named in said law.