NY Pub Auth L § 1134-2 (2021)
2021 New York Laws PBA - Public Authorities Article 5 - Public Utility Authorities Title 6-C* - Dutchess County Water and Wastewater Authority 1134*2 - Exemption From Taxes, Assessments and Certain Fees.

* § 1134. 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  county  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 properties 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; provided, however, that any real   property acquired by the authority outside of the county shall be exempt   from real property taxes, ad valorem levies and special assessments only   pursuant to and  to  the  extent  provided  by  an  agreement  with  the   governing  body  of  the  municipality  in  which  such real property is   located. Notwithstanding the foregoing, the authority may enter into  an   agreement  with any municipality in which real property of the authority   is located or is to be located, to  pay  a  sum  or  sums,  annually  or   otherwise,  or  to provide other consideration to such municipality with   respect to such real property.2. Any bonds issued pursuant to this title, together with  the  income   therefrom, shall be exempt from taxation. The revenues, moneys and other   properties  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  real estate taxes, franchise taxes, sales   taxes or other excise taxes. Any real property owned  by  the  authority   outside the county shall be subject to the provisions of subdivision one   of this section. The state hereby covenants with the purchasers and with   all  subsequent holders and transferees of bonds issued by the authority   pursuant to this title that the interest thereon shall  be  exempt  from   taxation. The state further covenants with the holder of such bonds that   all revenues, moneys and other property pledged to secure the payment of   such  bonds  shall  at  all times be free from taxation, except for real   property taxes on real property  owned  by  the  authority  outside  the   county.  For  purposes  of  this  subdivision,  the  phrase "exempt from   taxation"  means  exempt  from  direct  taxation  in   conformity   with   established  judicial  interpretation  of  the  tax exempt status of the   obligations of the state and its  agencies,  entities,  authorities  and   political  subdivisions  and  thus,  the  meaning  of  such phrase is in   conformity with the legislative intent expressed by  section  twenty-two   of  chapter  one  hundred  sixty-six  of  the  laws  of nineteen hundred   ninety-one regarding the tax exempt status of obligations of  the  state   and its agencies.* NB There are 2 § 1134's