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This entry was published on 2014-09-22
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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)