N.Y. PBA Law § 211

* § 211. Exemption from taxation. The construction, maintenance and\noperation of Bethpage park is in all respects for the benefit of the\npeople of the state of New York for the increase of their pleasure,\nconvenience and welfare and for the improvement of their health, and the\nauthority shall be regarded as performing a governmental function in\ncarrying out its corporate purpose and shall be required to pay no taxes\nor assessments of any kind whatsoever upon any of the property acquired\nby it, which said property shall be exempt from taxation so long as the\nsame is owned or possessed by the authority, or upon its activities in\nthe operation and maintenance of Bethpage park or upon any revenues or\nother income received by it, and any mortgage of real property executed,\ngiven or made by the authority shall be exempt from any tax imposed on\nthe recording thereof and any person or corporation owning any debt or\nobligation of the authority secured by any mortgage of its real property\nshall be exempt from any tax on the recording of such mortgage. Nothing\nin this section shall be construed, however, to impress any trust upon\nsuch property as such or to limit the absolute character of any title\nwhich may be derived through the authority by sale or the foreclosure of\nany lien or mortgage thereon.\n * NB (Abolished in 1975)\n