N.Y. Public Authorities Law § 1600-n: Tax exemptions

* § 1600-n. Tax exemptions. 1. It is hereby determined that the

creation of the authority and the carrying out of its corporate purposes

is in all respects for the benefit of the people of the village of

Tarrytown and its environs, and is a public purpose, and the authority

shall be regarded as performing an essential governmental function in

the exercise of the powers conferred upon it by this title and shall be

required to pay no taxes or assessments upon any of the property

acquired by it or under its jurisdiction or control or supervision or

upon its activities.

2. Any bonds or notes issued pursuant to this title, together with the

income therefrom, as well as the property of the authority, shall be

exempt from taxation, except for transfer and estate taxes.

* NB Ceased to exist December 31, 1999