Legislation
SECTION 1622-L
State and village not liable on bonds
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 7, TITLE 22
§ 1622-l. State and village 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 village, and neither the state nor the village shall be
liable thereon, nor shall they be payable out of any funds other than
those of the authority.
obligations of the authority shall not be a debt of the state of New
York or of the village, and neither the state nor the village shall be
liable thereon, nor shall they be payable out of any funds other than
those of the authority.