N.Y. Public Authorities Law § 2637: Tax exemptions

§ 2637. Tax exemptions. It is hereby determined that the creation of

the commission and the carrying out of its corporate purposes is in all

respects for the benefit of the people of the state and is a public

purpose, and the commission shall be regarded as performing a

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.