§ 1021-j. State and municipalities not liable on bonds or notes or
other obligations. The securities of the authority shall not be a debt
of the state or of any municipality, and neither the state nor any
municipality shall be liable thereon. The authority shall not have the
power to pledge or restrict the credit, the revenues or the taxing power
of the state or of any municipality, and neither the credit, the
revenues nor the taxing power of the state or of any municipality shall
be or shall be deemed to be pledged to the payment of any securities of
the authority. Each evidence of indebtedness of the authority, including
the securities of the authority, shall contain a clear and explicit
statement of the provisions of this section. Nothing in this article
shall be deemed to obligate the state or any municipality to make any
payments or impose any taxes to satisfy the debt service obligations of
the authority.