Internal prototype — noindexed, not linked from public navigation yet.

N.Y. GMU Law § 561

This is the official text of N.Y. GMU Law § 561, part of New York’s GMU Law — part of the compiled statutory law of New York, published by the state as "GMU Law." Browse the sections below, each linked to its official government source.

Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.

Exemption from taxation of bonds

Official statutory text

§ 561. Exemption from taxation of bonds. Bonds, mortgages, notes and\nother obligations of an agency are declared to be issued for a public\npurpose and to be public instrumentalities and together with interest\nthereon, shall be exempt from taxation.\n

Status: in_force · Read it on the official government site

Need a lawyer in New York?

Find a New York lawyer
About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.