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The Laws of New York
Consolidated Laws of New York
CHAPTER 43-A
Public Authorities
ARTICLE 5
Public Utility Authorities
TITLE 9
New York City Transit Authority
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SECTION 1207-D
Agreement of the state
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TITLE 9
New York City Transit Authority
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SECTION 1207-F
Bonds and notes legal investments for fiduciaries
This entry was published on 2014-09-22
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SECTION 1207-E
State and city not liable on bonds or notes
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 5, TITLE 9
§ 1207-e. State and city not liable on bonds or notes. The bonds and
notes of the authority shall not be a debt of the state of New York or
the city, and neither the state nor the city shall be liable thereon,
nor shall they be payable out of any funds other than those of the
authority.