* § 73. Non-liability of state or municipality. The bonds or other
obligations of an authority shall not be a debt of the state or the
municipality and neither the state nor the municipality shall be liable
thereon nor shall an authority have power in any way to pledge the
credit of the state or the municipality, nor shall the transfer from the
authority to the municipality or the vesting in the municipality of
property theretofore belonging to an authority impose upon the
municipality any obligation except such as it may expressly assume.

* NB The text of Article 5 of the former State Housing Law (cited
herein as the "Municipal Housing Authorities Law"), as such article
existed immediately prior to its repeal pursuant to section 227 of
Chapter 808 of the Laws of 1939, is provided here for ease of reference
and historical purposes as such text continues to be applicable for the
New York City Housing Authority pursuant to the provisions of section
401 of the current Public Housing Law.