N.Y. Transportation Law Section 487
Consistency with federal tax law

All actions taken pursuant to this article shall be reviewed for consistency with provisions of the federal internal revenue code and regulations thereunder, in accordance with procedures established in connection with the issuance of any tax exempt bonds pursuant to this article, to preserve the tax exempt status of such bonds.

Source: Section 487 — Consistency with federal tax law, https://www.­nysenate.­gov/legislation/laws/TRA/487 (updated Sep. 22, 2014; accessed Jan. 18, 2025).

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Accessed:
Jan. 18, 2025

Last modified:
Sep. 22, 2014

§ 487’s source at nysenate​.gov

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