New York Laws
Title 1-A* - Green Island Power Authority
1020-M*2 - Exemption From Taxes.

* § 1020-m. Exemption from taxes. 1. It is hereby determined that the
creation of the authority and the carrying out of its corporate purposes
is in all respects for the benefit of the people of the village and its
environs, and is a public purpose, and the authority shall be regarded
as performing a governmental function in the exercise of the powers
conferred upon it by this title and shall not be required to pay any
taxes, special ad valorem levies or special assessments upon any of the
properties acquired by it or under its jurisdiction or control or
supervision or upon its activities or any filing, recording or transfer
fees or taxes in relation to instruments filed, recorded or transferred
by it or on its behalf.

2. Any bonds issued pursuant to this title, together with the income
therefrom, shall be exempt from taxation except for estate and transfer
taxes. The revenues, moneys and all other properties of the authority
shall be exempt from all taxes and governmental fees or charges, whether
imposed by the state or any municipality, including without limitation
real estate taxes, franchise taxes, sales taxes or other excise taxes.

* NB There are 2 § 1020-m's