N.Y. General Municipal Law Section 561
Exemption from taxation of bonds


Bonds, mortgages, notes and other obligations of an agency are declared to be issued for a public purpose and to be public instrumentalities and together with interest thereon, shall be exempt from taxation.

Source: Section 561 — Exemption from taxation of bonds, https://www.­nysenate.­gov/legislation/laws/GMU/561 (updated Sep. 22, 2014; accessed Apr. 20, 2024).

Accessed:
Apr. 20, 2024

Last modified:
Sep. 22, 2014

§ 561’s source at nysenate​.gov

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