Section 452. Veterans organizations

1.  Real  property  owned  by  a
  corporation, association or post composed of veterans of the Grand  Army
  of  the  Republic, Veterans of Foreign Wars, Disabled American Veterans,
  the United Spanish War Veterans, the Jewish War Veterans of  the  United
  States,  Inc., Catholic War Veterans, Inc., the American Legion, AMVETS,
  American Veterans of World War II, Italian American War Veterans of  the
  United  States,  Incorporated,  Masonic War Veterans of the State of New
  York, Incorporated, and any other corporation or association of veterans
  of the armed forces of the  United  States  in  any  war,  actually  and
  exclusively  used  and occupied by such corporation, association or post
  shall be exempt from taxation and exempt from special ad valorem  levies
  and  special  assessments to the extent provided in section four hundred
  ninety of this chapter.
    2. Such real property shall be so exempt  although  it  or  a  portion
  thereof  is  used  by  another  corporation  or  association  whose real
  property would be entitled to an exemption pursuant to  any  section  in
  titles  one  or  two of this article except sections four hundred eight,
  four  hundred  forty,   four   hundred   sixty-six   or   four   hundred
  seventy-eight, if such corporation or association itself owned such real
  property,  as  long  as  any  moneys  paid  to  the  owning corporation,
  association or post by the  using  corporation  or  association  do  not
  exceed  the  amount of carrying, maintenance and depreciation charges of
  the property or portion thereof, as the case may be.  If  a  portion  of
  such  real property is actually and exclusively used by any person whose
  real property would not be so entitled to  an  exemption,  such  portion
  shall  be  subject  to  taxation,  special ad valorem levies and special
  assessments and the remaining portion only shall be exempt  as  provided
  herein.
    3.  Real  property owned by a soldiers' monument corporation organized
  pursuant  to  section  fourteen  hundred  five  of  the   not-for-profit
  corporation  law  shall  be  eligible for full or partial exemption from
  taxation as provided in this section if:
    (a) such property is not  used  in  such  manner  as  entitles  it  to
  exemption  pursuant  to  section four hundred forty-two of this chapter,
  and
    (b) the membership  of  such  corporation  is  composed  of  specified
  veterans as provided in subdivision one of this section, and
    (c)   such   property   is,  notwithstanding  any  provision  of  such
  corporation's certificate of incorporation to the contrary, actually and
  exclusively used and occupied by such corporation in a manner  otherwise
  entitling it to exemption under subdivision one or two of this section.