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N.Y. PBA Law § 1742

This is the official text of N.Y. PBA Law § 1742, part of New York’s PBA Law — part of the compiled statutory law of New York, published by the state as "PBA Law." Browse the sections below, each linked to its official government source.

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Exemption of the authority

Official statutory text

§ 1742. Exemption of the authority. 1. Notwithstanding any other\nprovision of law, any real or personal property, while owned or subject\nto any rights of the authority, shall be exempt from all taxes, special\nassessments and special ad valorem levies and from the payment of any\nand all charges, rents or other payments to the city, other than charges\nfor services provided by the city's water and sewer systems. In\naddition, any in rem actions or proceedings brought against such\nproperty by the city or any other actions or proceedings concerning any\nof the above brought against the authority by the city, and any such\nactions or proceedings shall be void and shall be subject to dismissal\nupon application of the authority at the sole expense of the city of New\nYork. In no instance shall title to any such property pass to the city\nof New York except by deed or other appropriate document of sale,\nrelease or conveyance executed by the authority.\n 2. Debts of the authority shall not be considered debts of the state\nor debts of the city.\n

Status: in_force · Read it on the official government site

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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.