219-H - Tax exemptions. - New York Statutes

§ 219-h. Tax exemptions. The provisions of subdivisions one, two and three of section fifty-two of this chapter shall apply with equal force and effect to emergency projects so long as such projects are controlled by an authority or a city, provided, however, that any bonds, notes or other obligations or evidences of indebtedness issued by an authority or a city shall at all times be exempt from all taxation by the state or any subdivision thereof.