N.Y. General Municipal Law Section 870
State and municipality not liable on bonds or notes


The bonds or notes and other obligations of the authority shall not be a debt of the state or of the municipality, and neither the state nor the municipality shall be liable thereon, nor shall they be payable out of any funds other than those of the agency.

Source: Section 870 — State and municipality not liable on bonds or notes, https://www.­nysenate.­gov/legislation/laws/GMU/870 (updated Sep. 22, 2014; accessed Oct. 26, 2024).

Accessed:
Oct. 26, 2024

Last modified:
Sep. 22, 2014

§ 870’s source at nysenate​.gov

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