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The Laws of New York
Consolidated Laws of New York
CHAPTER 43-A
Public Authorities
ARTICLE 8
Miscellaneous Authorities
TITLE 12
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SECTION 1978
Agreements of the state
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TITLE 12
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SECTION 1980
Bonds and notes legal investments for public officers and fiduciaries
This entry was published on 2014-09-22
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SECTION 1979
State and city not liable on bonds and notes
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 8, TITLE 12
§ 1979. State and city not liable on bonds and notes. 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.