Section 1600-N. Tax contract by the state

The  state  of  New York
  convenants with the purchasers  and  with  all  subsequent  holders  and
  transferees  of bonds issued by the authority pursuant to this title, in
  consideration of the acceptance of and payment for the bonds,  that  the
  bonds  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,  shall at all times be free from taxation
  except for estate taxes and taxes on transfers by or in contemplation of
  death.
    * NB Ceases to exist December 31, 2009
    * NB There are 2 § 1600-n's