Provides for the application of the veterans' real property tax exemptions in the city of New York

This bill modifies New York State's veterans' property tax exemptions specifically for New York City (population over 1 million). It reduces the maximum annual tax exemption for veterans' primary residences from 15% (capped at $12,000) to 6% (capped at $4,800), and lowers the combat-zone service exemption from 10% (capped at $8,000) to 4% (capped at $3,200). It also cuts the exemption limit for property purchased using veterans' funds from $5,000 to $2,000. These changes apply only to New York City residents who qualify as veterans under state law. The bill does not create new exemptions but adjusts existing ones for the city's largest population center.