New York Public Authorities Law Section 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.

Last modified: February 3, 2019