2006 New York Code - Power of taxation; exemptions from taxation.

 
                                 ARTICLE XVI
 
                                  Taxation
 
    Section 1. The power of taxation shall never be surrendered, suspended
  or  contracted  away, except as to securities issued for public purposes
  pursuant to law. Any laws which delegate the taxing power shall  specify
  the types of taxes which may be imposed thereunder and provide for their
  review.
    Exemptions  from  taxation  may  be  granted  only  by  general  laws.
  Exemptions may be altered or repealed except  those  exempting  real  or
  personal   property  used  exclusively  for  religious,  educational  or
  charitable purposes as defined by law and owned by  any  corporation  or
  association  organized  or conducted exclusively for one or more of such
  purposes and not operating for profit.