2015 New York Laws
PBA - Public Authorities
Article 5 - PUBLIC UTILITY AUTHORITIES
Title 6-D - (1147 - 1147-Z) ALFRED, ALMOND, HORNELLSVILLE SEWER AUTHORITY
1147-Q - Exemption from taxes, assessments and certain fees.

 1147-q. Exemption from taxes, assessments and certain fees. 1. It is
  hereby  determined  that  the creation of the authority and the carrying
  out of its corporate purposes is in all respects for the benefit of  the
  people  of  the village of Almond and the people of the towns of Almond,
  Alfred and  that  portion  of  the  town  of  Hornellsville  within  the
  boundaries  of  the  authority and the state and is a public purpose and
  the authority shall be regarded as performing a governmental function in
  the exercise of the powers conferred upon it by this title and shall not
  be required to pay any taxes,  special  ad  valorem  levies  or  special
  assessments  upon  any  property  owned by it or under its jurisdiction,
  control or supervision or upon its activities or any filing,  recording,
  or  transfer fees or taxes in relation to instruments filed, recorded or
  transferred by it or on its behalf. The construction, use, occupation or
  possession of any property owned by the authority including improvements
  thereon, by any person or public corporation under a  lease,  lease  and
  sublease  or  any other agreement shall not operate to abrogate or limit
  the foregoing exemption, notwithstanding that the lessee, user, occupant
  or person in possession shall claim ownership  for  federal  income  tax
  purposes.    Mortgages  made or financed, directly or indirectly, by the
  authority shall be exempt from the mortgage recording taxes  imposed  by
  article  eleven  of  the tax law. The authority shall be deemed a public
  authority for the purposes of section four hundred twelve  of  the  real
  property tax law.
2.  Any  bonds  issued pursuant to this title together with the income
  therefrom as well as the property of the authority shall be exempt  from
  taxes,  except  for  transfer and estate taxes. The revenues, moneys and
  all other property and all transactions and activities of the  authority
  shall be exempt from all taxes and governmental fees or charges, whether
  imposed  by  the state or any municipality, including without limitation
  real estate taxes, franchise taxes, sales taxes or other  excise  taxes.
  The  state  hereby 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 any payment of the
  bonds, that the bonds of the authority issued pursuant to this title and
  the income therefrom  and  all  revenues,  moneys,  and  other  property
  pledged  to  secure the payment of such bonds shall at all times be free
  from taxation except for transfer and estate taxes.