§ 5225. Exemption from taxation. The corporation shall be exempt from\nall taxes and fees now or hereafter imposed by the state, or by any\ncounty, municipality or local authority or subdivision, except that any\nreal property owned by the corporation shall be subject to county,\nmunicipal or local taxation to the same extent according to its value as\nother similar real property is taxed and that the corporation shall be\nsubject to the fees imposed pursuant to section two hundred two of the\nvehicle and traffic law.\n
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