N.Y. Arts and Cultural Affairs Law Section 20.27
State and municipalities not liable on bonds and notes

20.01
Short title 20.03
General definitions 20.05
Legislative findings and determinations, and statement of purposes 20.07
Creation and purposes of a trust 20.09
Administration of a trust 20.11
General powers of a trust 20.13
Special powers of a trust 20.15
Resources of a trust 20.17
Bonds and notes of a trust 20.19
Security for bonds or notes 20.21
Reserve fund 20.23
State’s right to require a redemption of bonds 20.25
Remedies of bondholders and noteholders 20.27
State and municipalities not liable on bonds and notes 20.29
Agreement of the state 20.31
Bonds and notes as legal investments 20.33
Exemption from taxation 20.35
Actions by and against a trust 20.37
Cooperation with the state, counties and municipalities 20.39
Annual and other reports 20.41
Construction 20.43
Inconsistent provisions of other laws superseded 20.45
Separability 20.47
Application of law