N.Y. Public Housing Law § 219-h

§ 219-h. Tax exemptions. The provisions of subdivisions one, two and\nthree of section fifty-two of this chapter shall apply with equal force\nand effect to emergency projects so long as such projects are controlled\nby an authority or a city, provided, however, that any bonds, notes or\nother obligations or evidences of indebtedness issued by an authority or\na city shall at all times be exempt from all taxation by the state or\nany subdivision thereof.\n