New York Public Authorities Law Section 2490-K - State, city and municipalities not liable on authority bonds.

2490-k. State, city and municipalities not liable on authority bonds. Neither the state, the city nor any other municipality or public corporation shall be liable on the bonds of the authority and such bonds shall not be a debt of the state, the city or any other municipality or public corporation, and such bonds shall contain on the face thereof a statement to such effect.


Last modified: February 3, 2019