New York Public Authorities Law Section 2624 - Exemption from taxation.

  2624.  Exemption from taxation. 1. It is hereby determined that the
  creation of the authority and the conduct of its corporate  purposes  is
  in  all  respects  for  the  benefit of the people of this state and the
  United States, and is a public  purpose,  and  the  authority  shall  be
  regarded  as  performing  a governmental function in the exercise of the
  powers conferred upon it by this title.
2. The authority, its operations, property and moneys  shall  be  free
  from  taxation  of  every  kind  and nature by a public corporation, the
  state and any subdivision thereof.

Last modified: February 3, 2019