Section 1840-L - Exemption from taxation1.The property of the authority and its income and operations shall be exempt from taxation.2.The bonds and notes of the authority issued pursuant to this title and the income therefrom and all its fees, charges, gifts, grants, revenues, receipts, and other moneys received or to be received, pledged to pay, or secure the payment of, such bonds or notes shall at all times be free from taxation, except for estate and gift taxes and taxes on transfers.N.Y. Pub. Auth. Law § 1840-L