Yes. that's true. NY economy is 2nd largest in US.
more importantly, Louli, you gave me plenty of reasons to support why to go to Albany over Syravuse if you want to stay in Albany. You gave me zero good ones if you want to leave Albany. The political connection thing - perhaps, but only if you want NYC, and only if you slave away on the capitol in Albany, meeting lots of business lobbyists for NY companies, and one likes you and offers you a job in NYC. Otherwise, in terms of "learning politics" you will be learning NY politics, which won't apply elsewhere (either will your political connections). Also, it's a convenient argument when you leave out any mention of why Syracuse outranks Albany.
I dont question your choice. I really like the city of Albany, and it would be a great place to spend your life. Cheap cost of living, beautiful surroundings, nice school facilities, etc. Just don't plan on leaving when you graduate unless you're in the top 10%, or want ot start your own practice.