New York Laws
Title 9 - New York State Thruway Authority
372 - Tax Covenant.

ยง 372. Tax covenant. The state covenants with the purchasers and with
all subsequent holders and transferees of notes and bonds issued by the
authority, in consideration of the acceptance of and payment for the
notes and bonds, that the notes and bonds of the authority issued
pursuant to this title and the income therefrom and all its fees,
charges, rents, gifts, grants, revenues, receipts and other moneys
received or to be received, pledged to pay or secure the payment of such
notes or bonds shall at all times be free from taxation except for
estate or gift taxes and taxes on transfers.

Structure New York Laws

New York Laws

PBA - Public Authorities

Article 2 - Park, Parkway and Highway Authorities

Title 9 - New York State Thruway Authority

350 - Short Title.

351 - Definitions.

352 - New York State Thruway Authority.

353 - Purposes of the Authority and Benefits Therefrom.

354 - Powers of the Authority.

355 - Officers and Employees; Transfer, Promotion and Seniority.

356 - Thruway Sections and Connections; Assuming Jurisdiction.

356-A - Names and Designations of Thruway Sections and Connections.

356-B - Thruway to Be Designated as a Section of a National Network of Blue Star Memorial Highways.

357 - Right of Authority to Use State Property; Payment for Improvements.

357-A - State Police and State Payment for Services.

357-B - Sharing Employees, Services and Resources.

357-C - Indemnification and Defense Under Shared Services Agreement.

358 - Acquisition of Real Property by the Commissioner.

358-A - Acquisition of Real Property by the Authority.

359 - Construction, Reconstruction and Improvement.

359-A - Procurement Contracts.

360 - Operation and Maintenance.

361 - Traffic Control.

361-A - Restriction and Regulation of Advertising Devices.

361-B - Jurisdiction in Certain Suits Against the Authority.

361-C - Tourist Information Facilities.

361-D - Agreement With the Office of Parks, Recreation and Historic Preservation.

362 - Assistance by State Officers, Departments, Boards, Divisions and Commissions.

363 - Annual Report.

364 - Deposit and Investment of Moneys of the Authority.

365 - Notes or Bonds of the Authority.

366 - Guaranty by the State.

367 - State's Right to Require Redemption of Bonds.

368 - Remedies of Noteholders and Bondholders.

369 - Liability of State.

370 - Notes and Bonds Legal Investments for Public Officers and Fiduciaries.

371 - Tax Exemption.

372 - Tax Covenant.

373 - Agreement of the State.

374 - Title Not Affected if in Part Unconstitutional.

375 - Inconsistent Provisions in Other Acts Superseded.

376 - Further Additional Powers of the Authority.

377 - Provision for Servicing State Vehicles With Petroleum, Etc.

378 - Specially Priced Commuter Tickets.

378-A - Emergency Service Permits.

379 - Further Additional Powers of the Authority to Finance Certain Repayment Obligations of the State in Connection With the Purchase of Real Property For

380 - Further Additional Powers of the Authority to Finance Certain Local Highway and Bridge Improvements and Payments to the Authority.

381 - Further Additional Powers of the Authority.

384 - Additional Powers of the Authority to Undertake and Finance Certain Transportation Projects.

385 - Additional Powers of the Authority to Issue Special Dedicated Highway and Bridge Trust Fund Bonds.

386 - Additional Powers of the Authority to Issue Special Rail and Aviation Transportation Bonds.

386-A - Financing of Metropolitan Transportation Authority (Mta) Transportation Facilities.

386-B - Financing of Peace Bridge and Transportation Capital Projects.

387 - Fees for Searches and Copies of Accident and Accident Reconstruction Reports.

388 - Limitation on Powers of the Authority.

389 - Information Concerning Services for Human Trafficking Victims in Facilities at Service Areas.