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  • SECTION 1978
    Agreements of the state
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  • TITLE 12
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  • SECTION 1980
    Bonds and notes legal investments for public officers and fiduciaries
    • Viewing most recent revision (from 2014-09-22)

    SECTION 1979

    State and city not liable on bonds and notes

    Public Authorities (PBA) CHAPTER 43-A, ARTICLE 8, TITLE 12

    § 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.