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  • SECTION 2513
    Remedies of bondholders and noteholders
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  • TITLE 25
    New York City Sports Authority
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  • SECTION 2515
    Agreement of the state
    • Viewing most recent revision (from 2014-09-22)

    SECTION 2514

    State and city not liable on bonds and notes

    Public Authorities (PBA) CHAPTER 43-A, ARTICLE 8, TITLE 25

    * § 2514. 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 or of any other municipality in the
    state, 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 authority.

    * NB (Discontinued-Board of Directors never appointed)