N.Y. Insurance Law § 5225: Exemption from taxation

§ 5225. Exemption from taxation. The corporation shall be exempt from

all taxes and fees now or hereafter imposed by the state, or by any

county, municipality or local authority or subdivision, except that any

real property owned by the corporation shall be subject to county,

municipal or local taxation to the same extent according to its value as

other similar real property is taxed and that the corporation shall be

subject to the fees imposed pursuant to section two hundred two of the

vehicle and traffic law.