N.Y. Environmental Conservation Law § 24-0905

§ 24-0905. Tax abatement.\n Any freshwater wetland subject to land use regulations pursuant to\nsection 24-0903 of this article or subject to a cooperative agreement\npursuant to section 24-0901 of this article shall be deemed subject to a\nlimitation on the use of such wetlands for the purposes of property tax\nevaluation, in the same manner as if an easement or right had been\nacquired pursuant to the general municipal law. Assessed value shall be\nbased, during the duration of such agreement or regulations, on the uses\nremaining to the owner thereof.\n