New York Public Authorities Law Section 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.

Last modified: February 3, 2019