N.Y. Public Authorities Law Section 2065
Tax contract by the state

The state of New York covenants with the purchasers and with all subsequent holders and transferees of bonds issued by the authority pursuant to this title, in consideration of the acceptance of and payment for the bonds, that the bonds of the authority issued pursuant to this title and the income therefrom, and all moneys, funds and revenues pledged to pay or secure the payment of such bonds, shall at all times be free from taxation except for transfer and estate taxes. * NB Authority dissolved September 1, 1977

Source: Section 2065 — Tax contract by the state, https://www.­nysenate.­gov/legislation/laws/PBA/2065 (updated Sep. 22, 2014; accessed Feb. 28, 2026).

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Verified:
Feb. 28, 2026

Last modified:
Sep. 22, 2014

§ 2065. Tax contract by the state's source at nysenate​.gov

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