Legislation
SECTION 1061
State, county and municipalities not liable on bonds
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 5, TITLE 3
§ 1061. State, county and municipalities not liable on bonds. The
bonds and other obligations of the authority shall not be a debt of the
state of New York or of the county or of any municipality in the county,
and neither the state nor the county nor any municipality in the county
shall be liable thereon, nor shall they be payable out of any funds
other than those of the authority.
bonds and other obligations of the authority shall not be a debt of the
state of New York or of the county or of any municipality in the county,
and neither the state nor the county nor any municipality in the county
shall be liable thereon, nor shall they be payable out of any funds
other than those of the authority.