New York Public Authorities Law Section 908 - State and county not liable on authority bonds.

908. State and county not liable on authority bonds. 1. The state shall not be liable on the bonds or notes of the authority and such bonds or notes shall not be a debt of the state, and such bonds and notes shall contain on the face thereof a statement to such effect.

2. The county shall not be liable on the bonds or notes of the authority and such bonds or notes shall not be a debt of the county, and such bonds and notes shall contain on the face thereof a statement to such effect or a statement describing the county liability thereon, if any.


Last modified: February 3, 2019