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The Laws of New York
Consolidated Laws of New York
CHAPTER 43-A
Public Authorities
ARTICLE 8
Miscellaneous Authorities
TITLE 17
State of New York Mortgage Agency Act
PART 1
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SECTION 2409
Remedies of bondholders and noteholders
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SECTION 2411
Agreement of the state
This entry was published on 2014-09-22
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SECTION 2410
State and municipalities not liable on bonds, notes or insurance commitments or contracts or development corporation credit support
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 8, TITLE 17, PART 1
§ 2410. State and municipalities not liable on bonds, notes or
insurance commitments or contracts or development corporation credit
support. The bonds, notes, insurance commitments or contracts or
development corporation credit support and other obligations of the
agency shall not be a debt of the state of New York or of any
municipality, and neither the state nor any municipality shall be liable
thereon, nor shall they be payable out of any funds other than those of
the agency.