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This entry was published on 2023-11-03
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SECTION 1621-L
State and city not liable on bonds
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 7, TITLE 21
* § 1621-l. State and city not liable on bonds. The bonds, notes and
other obligations of the authority shall not be a debt of the state of
New York or of 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.

* NB Repealed per § 1621-r (see chapter 597 of 2023 § 2 for specifics)