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  • SECTION 2409
    Remedies of bondholders and noteholders
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  • PART 1
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  • SECTION 2411
    Agreement of the state
    • Viewing most recent revision (from 2014-09-22)

    SECTION 2410

    State and municipalities not liable on bonds, notes or insurance commitments or contracts or development corporation credit support

    Public Authorities (PBA) CHAPTER 43-A, ARTICLE 8, TITLE 17, PART 1

    § 2410. State and municipalities not liable on bonds, notes or
    insurance commitments or contracts or development corporation credit
    support. The bonds, notes, insurance commitments or contracts or
    development corporation credit support and other obligations of the
    agency shall not be a debt of the state of New York or of any
    municipality, and neither the state nor any municipality shall be liable
    thereon, nor shall they be payable out of any funds other than those of
    the agency.