ยง 524. Exemption  from taxation and execution.  The right of a teacher
  to a pension, an annuity, or a retirement allowance, to  the  return  of
  contributions,  any  benefit  or right accrued or accruing to any person
  under the provisions of this article, and  the  moneys  in  the  various
  funds  created  hereunder, are hereby exempt from any state or municipal
  tax, and shall not be subject to execution, garnishment,  attachment  or
  any  other  process  whatsoever,  and shall be unassignable except as in
  this article specifically provided.
Structure New York Laws
Article 11 - State Teachers' Retirement System for Public School Teachers
504 - Retirement Board; Members; Terms of Office; Vacancies.
505 - Election of the Active Teacher Members of the Board.
505-A - Election of Retired Teacher Member of Board.
506 - Board Meetings; Oaths of Office; Quorum; Expenses.
507 - Officers of Board; Custody of Funds.
508 - Investment of Funds; Interest; Accounts; Reports.
509 - Statements of Teachers' Service; Determination of Service Creditable; Service Certificates.
510 - Superannuation Retirement.
511-A - Special Service Retirement.
512 - Withdrawal and Death Benefits.
514 - Benefits to Participants in Old Retirement Fund.
516 - Annuity Savings Fund; Contributions and Payments.
517 - Annuity Reserve Fund; Pension Accumulation Fund.
518-A - Supplemental Retirement Allowance Fund.
521 - Collection of Contributions.
522 - Transfer of Contributions Between Retirement Systems.
524 - Exemption From Taxation and Execution.
525 - Protection Against Fraud.
526 - Merger of Local Teachers' Retirement and Pension Systems With the State System.
528 - Pensions-Providing-for-Increased-Take-Home-Pay.
529 - Pensions Providing for Increased Take Home Pay for Certain Teachers.
530 - Pensions-Providing-for-Increased-Take-Home-Pay-for-Teachers.
532 - Supplemental Retirement Allowance.
532-A - Cost-of-Living Adjustment.
533 - Non-Contributory Retirement Plan.
536 - Deductions From Benefits of Certain Retired Members.
537 - Lump Sum Payment of De Minimis Service Retirement Benefit.