New York Laws
Title 28-AA - Chautauqua, Cattaraugus, Allegany and Steuben Southern Tier Extension Railroad Authority
2642-H - Exemption From Taxation.

§ 2642-h. Exemption from taxation. 1. It is hereby determined that the
creation of the authority and the carrying out of its purposes under
this title are in all respects for the benefit of the people of the
state of New York and is a public purpose. Accordingly, the authority
shall be regarded as performing an essential governmental function in
the exercise of the powers conferred upon it by this title, and the
authority shall not be required to pay any fees, taxes, special ad
valorem levies or assessments of any kind, whether state or local,
including but not limited to fees, taxes, special ad valorem levies or
assessments on real property, franchise taxes, sales taxes or other
taxes, upon or with respect to any property owned by it or under its
jurisdiction, control or supervision, or upon the uses thereof, or upon
or with respect to its activities or operations in furtherance of the
powers conferred upon it by this title, or upon or with respect to any
fares, tolls, rentals, rates, charges, fees, revenues or other income
received by the authority.

2. Notwithstanding subdivision one of this section, the authority or
any lessees of the authority shall be required to pay water and sewer
fees, water and sewer assessments or water and sewer special ad valorem
levies.

3. The authority may pay, or may enter into agreements with any
municipality, including school districts, to pay, a sum or sums annually
or otherwise or to provide other considerations with respect to real
property owned by the authority located within such municipality.