N.Y. Gen. Mun. Law § 561

Exemption from taxation of bonds

2014-09-22

§ 561. Exemption from taxation of bonds. Bonds, mortgages, notes and\nother obligations of an agency are declared to be issued for a public\npurpose and to be public instrumentalities and together with interest\nthereon, shall be exempt from taxation.\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.