N.Y. PBA Law § 2624
This is the official text of N.Y. PBA Law § 2624, 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 from taxation
Official statutory text
§ 2624. Exemption from taxation. 1. It is hereby determined that the\ncreation of the authority and the conduct of its corporate purposes is\nin all respects for the benefit of the people of this state and the\nUnited States, and is a public purpose, and the authority shall be\nregarded as performing a governmental function in the exercise of the\npowers conferred upon it by this title.\n 2. The authority, its operations, property and moneys shall be free\nfrom taxation of every kind and nature by a public corporation, the\nstate and any subdivision thereof.\n
Status: in_force · Read it on the official government site
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