N.Y. Pub. Auth. Law § 2624

§ 2624. Exemption from taxation. 1. It is hereby determined that the\ncreation of the authority and the conduct of its corporate purposes is\nin all respects for the benefit of the people of this state and the\nUnited States, and is a public purpose, and the authority shall be\nregarded as performing a governmental function in the exercise of the\npowers conferred upon it by this title.\n 2. The authority, its operations, property and moneys shall be free\nfrom taxation of every kind and nature by a public corporation, the\nstate and any subdivision thereof.\n