Legislation

§ 2719. Exemption from taxation of property and income. The property
of the authority, and its income and operations shall be exempt from
taxation or assessments of every kind and nature; nor shall the
authority be required to pay any filing or recording fee or transfer tax
of any kind on account of instruments filed or recorded by it or on its
behalf. Mortgages made or financed (directly or indirectly) by the
authority shall be exempt from the mortgage recording taxes imposed by
article eleven of the tax law.