ยง 561. Exemption from taxation of bonds. Bonds, mortgages, notes and
other obligations of an agency are declared to be issued for a public
purpose and to be public instrumentalities and together with interest
thereon, shall be exempt from taxation.
Structure New York Laws
Article 15-A - Municipal Urban Renewal Agencies, Organization and Powers
551 - Policy and Purposes of Article.
553 - Organization of Urban Renewal Agencies.
555 - Acquisition of Property.
556 - Disposition of Property.
558 - Authority of Agency; Other Terms and Contracts.
560 - Exemption From Taxation of Property and Income.
561 - Exemption From Taxation of Bonds.
561-A - Accounts, Reports and Audits.