New York Statutes

§ 497 — Construction of certain local option provisions in exemption statutes

New York·Law RPT Real Property Tax·Title 3 Miscellaneous Provisions·Art. 4 Exemptions

§ 497. Construction of certain local option provisions in exemption\nstatutes.

1.Population restrictions. When an exemption statute makes\none or more options available to municipal corporations having a\npopulation within a specified range, and the governing body of a\nmunicipal corporation adopts a local law or resolution exercising such\nan option while its population is within the specified range, a\nsubsequent change in the population of the municipal corporation that\nplaces it outside the specified range shall not render such local law or\nresolution ineffective or invalid, nor shall it impair the ability of\nthe governing body to amend or repeal such local law or resolution to\nthe same extent as if its population were still within the specified\nrange. Provided, however, that t

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