N.Y. Public Authorities Law § 2568: Exemption from taxation

§ 2568. Exemption from taxation. It is hereby found, determined and

declared that the creation of the corporation and the carrying out of

its purposes is in all respects for the benefit of the people of the

state and is a public purpose, and that the corporation will be

performing an essential governmental function in the exercise of the

powers conferred upon it by this title. The corporation and its

operations, property and moneys shall be free and exempt from taxation

of every kind by the city and the state and any subdivision thereof.

Except as hereinabove provided and except as may otherwise specifically

be provided, nothing contained in this title shall confer exemption from

any tax, assessment or fee upon any person, firm, corporation or other

entity, or upon the obligations of any of them.