The repeal of the laws as specified in section two hundred twenty-seven and any other provisions of this chapter, shall not affect or impair any contract or remedy, or any act done or any right accruing, accrued or acquired, taxes, tax obligations, or exemptions from taxation, the validity of or rights as to taxes collected or proceeds thereof or the validity as to any acts done or rights or exemptions accruing, accrued or acquired under any tax laws, general, local or special, or any penalty, forfeiture or punishment under or by virtue of the laws so repealed and in existence prior to the time when this chapter or any section thereof takes effect, but the same may be asserted, enforced, prosecuted or inflicted and for such purposes all of the laws specified in section two hundred twenty-seven are hereby continued in full force and effect.
New York Legal Code