N.Y. Public Housing Law § 219-h: Tax exemptions

§ 219-h. Tax exemptions. The provisions of subdivisions one, two and

three of section fifty-two of this chapter shall apply with equal force

and effect to emergency projects so long as such projects are controlled

by an authority or a city, provided, however, that any bonds, notes or

other obligations or evidences of indebtedness issued by an authority or

a city shall at all times be exempt from all taxation by the state or

any subdivision thereof.