New York Public Authorities Law Section 1039 - Exemption from taxation.

*   1039.  Exemption from taxation. The real and personal property of
  the authority shall be exempt from all taxation, and so shall all of its
  activities and operations, except that the owners of its bonds and other
  obligations shall be subject to transfer and estate taxes.
* NB Terminated July 1, 1963

Last modified: February 3, 2019