N.Y. PBA Law § 2713
This is the official text of N.Y. PBA Law § 2713, 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.
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
§ 2713. Exemption from taxation of bonds. It is hereby determined that\nthe creation of the authority is in all respects for the benefit of the\npeople of the state and for the improvement of their health, safety,\nwelfare, comfort and security, and that said purposes are public\npurposes and that the authority will be performing an essential\ngovernmental function in the exercise of the powers conferred upon it by\nthis title. The state covenants with the purchasers and all subsequent\nholders and transferees of bonds issued by the authority, in\nconsideration of the acceptance of and payment for the bonds, that the\nbonds of the authority, issued pursuant to this title and the income\ntherefrom and all its fees, charges, gifts, grants, revenues, receipts,\nand other moneys received or to be received, pledged to pay or secure\nthe payment of such bonds shall at all times be free from taxation\nexcept for estate or gift taxes and taxes on transfers.\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.