Statute · New York General Municipal Law
N.Y. Gen. Mun. Law § 561 — Exemption from taxation of bonds
N.Y. Gen. Mun. Law § 561
- Type
- Statute
- Source
- New York General Municipal Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 561. Exemption from taxation of bonds. Bonds, mortgages, notes and other obligations of an agency are declared to be issued for a public purpose and to be public instrumentalities and together with interest thereon, shall be exempt from taxation.
Citator
N.Y. Gen. Mun. Law § 561 — Exemption from taxation of bonds is in force in the current edition of the Code, and nothing recorded condemns it.
§ 561. Exemption from taxation of bonds. Bonds, mortgages, notes and other obligations of an agency are declared to be issued for a public purpose and to be public instrumentalities and together with interest thereon, shall be exempt from taxation.