Exemption from taxation

N.Y. Local Finance Law § 162.00, under Miscellaneous Provisions.

N.Y. Local Finance Law § 162.00

§ 162.00 Exemption from taxation. All bonds and notes of a\nmunicipality, school district or district corporation, until payable,\nand the interest thereon, shall be exempt from taxation for municipal\nand state purposes.\n