Public Authorities Law § 1599-n · Title 14. City of Niagara Falls Parking Authority
Tax contract by the state
Text — Law content up to date as of October 2, 2026, as published by the New York State Senate (Open Legislation)
* § 1599-n. Tax contract by the state. The state of New York covenants with the purchasers and with all subsequent holders and transferees of bonds or notes issued by the authority pursuant to this title, in consideration of the acceptance of and payment for the bonds or notes, that the bonds and notes of the authority issued pursuant to this title and the income therefrom, and all moneys, funds and revenues pledged to pay or secure the payment of such bonds or notes shall at all times be free from taxation except for estate taxes and taxes on transfers by or in contemplation of death.
* NB Authority ceased to exist 07/01/1974
* NB There are 4 § 1599-n's
Source of truth
- Edition
- Law content up to date as of October 2, 2026, as published by the New York State Senate (Open Legislation)
- Official file
- https://legislation.nysenate.gov/pdf/laws/PBA1599-N%2A3
- Text hash
- sha256 0b2b2e423d6033e323f6918d9e0eff308ecf1a13b3c2eb4c67951301864690d6
- 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
- The Senate's note "Authority ceased to exist 07/01/1974" is printed with the text.
- The Senate's note "There are 4 § 1599-n's": the Legislature enacted more than one unit under that number; each is printed.
- The Legislature enacted more than one section numbered 1599-n; this is number 3 as the Senate prints them.
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.