ยง 219-h. Tax exemptions. The provisions of subdivisions one, two and
three of section fifty-two of this chapter shall apply with equal force
and effect to emergency projects so long as such projects are controlled
by an authority or a city, provided, however, that any bonds, notes or
other obligations or evidences of indebtedness issued by an authority or
a city shall at all times be exempt from all taxation by the state or
any subdivision thereof.
Structure New York Laws