Section 3566. Tax exemption and tax contract by the state

1.  It is hereby
  determined  that  the creation of the corporation and the fulfillment of
  its corporate purposes is in all respects for the benefit of the  people
  of  the  state  of  New  York  and is a public purpose. Accordingly, the
  corporation shall be regarded as performing  an  essential  governmental
  function  in the exercise of the powers conferred upon it by this title,
  and the corporation shall not  be  required  to  pay  any  fees,  taxes,
  special ad valorem levies or assessments of any kind, except as provided
  pursuant to the public health law, whether state or local, including but
  not  limited to fees, taxes, special ad valorem levies or assessments on
  real property, franchise taxes, sales taxes,  transfer  taxes,  mortgage
  taxes  or  other taxes, upon or with respect to any property owned by it
  or under its jurisdiction, control or  supervision,  or  upon  the  uses
  thereof,  or  upon  or  with  respect to its activities or operations in
  furtherance of the powers conferred upon it by this title,  or  upon  or
  with  respect  to  any  fares,  tolls,  rentals,  rates,  charges, fees,
  revenues or other income received by the corporation.  Provided however,
  that the corporation shall continue to pay any fee,  charge,  assessment
  or  payment in lieu of taxes which had been heretofore paid by the state
  in conjunction with the operation of Roswell Park  Cancer  Institute  at
  the effective date of transfer.
    2.  Any  bonds  issued pursuant to this title together with the income
  therefrom shall at all times be free from taxation.
    3. 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 shall at all times be free from
  taxation.
    4. The corporation may pay, or may  enter  into  agreements  with  any
  municipality  to  pay, a sum or sums annually or otherwise or to provide
  other  considerations  with  respect  to  real  property  owned  by  the
  corporation located within such municipality.