N.Y. Pub. Auth. Law § 2568

§ 2568. Exemption from taxation. It is hereby found, determined and\ndeclared that the creation of the corporation and the carrying out of\nits purposes is in all respects for the benefit of the people of the\nstate and is a public purpose, and that the corporation will be\nperforming an essential governmental function in the exercise of the\npowers conferred upon it by this title. The corporation and its\noperations, property and moneys shall be free and exempt from taxation\nof every kind by the city and the state and any subdivision thereof.\nExcept as hereinabove provided and except as may otherwise specifically\nbe provided, nothing contained in this title shall confer exemption from\nany tax, assessment or fee upon any person, firm, corporation or other\nentity, or upon the obligations of any of them.\n