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N.Y. Banking Law § 490-h

Exemption of fund from taxation

2014-09-22

§ 490-h. Exemption of fund from taxation. The fund provided for by\nthis article and the income thereof shall be exempt from all taxation\nnow or hereafter imposed by the state of New York or by any county,\nmunicipality or local authority or subdivision.\n

Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.