N.Y. Public Authorities Law § 2719: Exemption from taxation of property and income

§ 2719. Exemption from taxation of property and income. The property

of the authority, and its income and operations shall be exempt from

taxation or assessments of every kind and nature; nor shall the

authority be required to pay any filing or recording fee or transfer tax

of any kind on account of instruments filed or recorded by it or on its

behalf. Mortgages made or financed (directly or indirectly) by the

authority shall be exempt from the mortgage recording taxes imposed by

article eleven of the tax law.