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  • SECTION 1207-D
    Agreement of the state
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  • TITLE 9
    New York City Transit Authority
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  • SECTION 1207-F
    Bonds and notes legal investments for fiduciaries
    • Viewing most recent revision (from 2014-09-22)

    SECTION 1207-E

    State and city not liable on bonds or notes

    Public Authorities (PBA) CHAPTER 43-A, ARTICLE 5, TITLE 9

    § 1207-e. State and city not liable on bonds or notes. The bonds and
    notes of the authority shall not be a debt of the state of New York or
    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.