N.Y. Public Authorities Law § 2516: Property and income

* § 2516. Property and income. The property of the authority and its

income and operations shall be exempt from taxation, assessments or

service charges of every kind and nature, and the authority shall not be

required to pay any recording fee or transfer tax of any kind on account

of instruments recorded by it or on its behalf.

* NB (Discontinued-Board of Directors never appointed)