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  • SECTION 1082
    Bonds and property of the authority exempt from taxation
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    SECTION 1083

    State, county and municipalities not liable on bonds

    Public Authorities (PBA) CHAPTER 43-A, ARTICLE 5, TITLE 4

    § 1083. State, county and municipalities not liable on bonds. The
    bonds of the authority shall not be a debt of the state of New York or
    of the county or of any municipality in the county, and neither the
    state nor the county nor any municipality in the county shall be liable
    thereon, nor shall they be payable out of any funds other than those of
    the authority.