Section 494. Exemption from prosecution

No person or corporation lawfully
  conducting, or participating in the conduct of bingo or  permitting  the
  conduct upon any premises owned or leased by him or it under any license
  lawfully issued pursuant to this article, shall be liable to prosecution
  or  conviction  for  violation  of  any provision of article two hundred
  twenty-five of the penal law or any other law or ordinance to the extent
  that such conduct is specifically authorized by this article,  but  this
  immunity  shall  not  extend  to  any  person  or  corporation knowingly
  conducting or participating in the conduct of bingo  under  any  license
  obtained  by  any  false  pretense or by any false statement made in any
  application for license or otherwise, or permitting the conduct upon any
  premises owned or leased by him or it of any  game  of  bingo  conducted
  under  any  license known to him or it to have been obtained by any such
  false pretense or statement.