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The Laws of New York
Consolidated Laws of New York
CHAPTER 43-A
Public Authorities
ARTICLE 3
Bridge and Tunnel Authorities
TITLE 4
Thousand Islands Bridge Authority
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SECTION 582
Agreement of the state
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TITLE 4
Thousand Islands Bridge Authority
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SECTION 584
Bonds as legal investments
This entry was published on 2014-09-22
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SECTION 583
State and county not liable on bonds or notes
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 3, TITLE 4
§ 583. State and county not liable on bonds or notes. The bonds,
notes, and other obligations of the authority shall not be a legal or
moral debt of the state, nor a legal debt of the county, and neither the
state nor the county shall be liable thereon, nor shall the same be
payable out of any funds other than those of the authority, unless the
county voluntarily and formally assumes liability therefor. No recent
action by the state in recognizing any legal or moral obligation for any
indebtedness of any other authority shall in any way be construed as
creating any liability for any indebtedness of this authority.