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This entry was published on 2014-09-22
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State, city and town not liable on bonds
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 6, TITLE 2
§ 1368. State, city and town not liable on bonds. The bonds and other
obligations of the authority shall not be a debt of the state of New
York, of the city or of the town, and neither the state, the city, nor
the town shall be liable thereon, nor shall they be payable out of any
funds other than those of the authority.