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The Laws of New York
Consolidated Laws of New York
CHAPTER 44-B
Private Housing Finance
ARTICLE 12
New York City Housing Development Corporation
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SECTION 657
Agreement with the state
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ARTICLE 12
New York City Housing Development Corporation
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SECTION 659
City's right to require redemption of bonds
This entry was published on 2014-09-22
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SECTION 658
State and city not liable on notes and bonds
Private Housing Finance (PVH) CHAPTER 44-B, ARTICLE 12
§ 658. State and city not liable on notes and bonds. The notes, bonds
or other obligations of the corporation shall not be a debt of either
the state of New York or of the city of New York, 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 corporation; and such notes and bonds
shall contain on the face thereof a statement to such effect.