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Home » US Law » 2022 New York Laws » Consolidated Laws » PBA - Public Authorities » Article 8 - Miscellaneous Authorities » Title 12 » 1979 – State and City Not Liable on Bonds and Notes.

§ 1979. State and city not liable on bonds and notes. The bonds, notes and other obligations of the authority shall not be a debt of the state of New York or of the city, and neither the state nor the city shall be liable thereon, nor shall they be payable out of any funds other than those of the authority.