General Municipal Law § 561 · Article 15-A. Municipal Urban Renewal Agencies, Organization and Powers
Exemption from taxation of bonds
Verbatim from the official edition
Text — Law content up to date as of September 11, 2026, as published by the New York State 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.
Source of truth
- Edition
- Law content up to date as of September 11, 2026, as published by the New York State Senate (Open Legislation)
- Official file
- https://legislation.nysenate.gov/pdf/laws/GMU561
- Text hash
- sha256 066ca2d06ec64f33db26bae7dba79a1da19d3a07012c1da20c8ed7e212ec48a4
- Composed by
- gen_ny_statutes.py 2026-11-10: the Senate's Open Legislation law tree (GET /api/3/laws/<ID>?full=true) read in document order; the Senate's PDF of the whole law (GET /pdf/laws/<ID>?full=true), read with PDFium, prints the same words in the same order
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.