Section 3414. Exemption from taxes and certain fees

1. The corporation
  shall not be required to pay any fees, taxes or assessments of any kind,
  except as provided by the public health law,  whether  state  or  local,
  including  but  not limited to fees or taxes on real property, franchise
  taxes, sales taxes or other excise taxes, upon any property owned by  it
  or  under its jurisdiction, control or supervision and used for a public
  purpose, or upon the  uses  thereof,  or  upon  its  activities  in  the
  operation  and  maintenance of its facilities used for a public purpose,
  or any revenues or other income received by the corporation from  public
  purpose  activities.  The foregoing shall not, however, limit the county
  from  receiving  rentals,  fees  or  other  consideration  pursuant   to
  agreements negotiated with the corporation. The corporation shall at all
  times  be exempt from any filing, mortgage recording or transfer fees or
  taxes in relation to instruments filed, recorded or transferred by it or
  on its behalf. The construction, use, occupation, lease or possession of
  any  property  owned  by  the  corporation  or  the  county,   including
  improvements   thereon,  by  any  person  or  public  corporation  under
  agreement with the corporation  or  the  county  shall  not  operate  to
  abrogate  or  limit  the  foregoing  exemption, notwithstanding that the
  lessee, user, occupant or person in possession shall claim ownership for
  federal income tax purposes.
    2. Any bonds issued pursuant to this title together  with  the  income
  therefrom  as well as the property of the corporation shall at all times
  be exempt from taxes, except for transfer and estate  taxes.  The  state
  hereby covenants with the purchasers and with all subsequent holders and
  transferees  of  bonds issued by the corporation pursuant to this title,
  in consideration of the acceptance of and payment for  the  bonds,  that
  the  bonds  of  the  corporation  issued  pursuant to this title and the
  income therefrom and all revenues, monies, and other property pledged to
  secure the payment of such  bonds  shall  at  all  times  be  free  from
  taxation, except for transfer and estate taxes.