N.Y. Public Authorities Law § 1020-n*2: Tax contract by the state

* § 1020-n. Tax contract by the state. The state covenants with the

purchasers and with all subsequent holders and transferees of bonds or

notes issued by the authority pursuant to this title, in consideration

of the acceptance of and payment for the bonds that the bonds of the

authority issued pursuant to this title and the income therefrom shall

be exempt from such taxation, as aforestated in subdivision two of

section one thousand twenty-m of this article, and that all moneys,

funds and revenues pledged to pay or secure the payment of such bonds

shall at all times be free from such taxation as aforestated in such

subdivision.

* NB There are 2 § 1020-n's