N.Y. Public Authorities Law Section 1161
State, county and municipalities not liable on bonds or notes


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

Source: Section 1161 — State, county and municipalities not liable on bonds or notes, https://www.­nysenate.­gov/legislation/laws/PBA/1161 (updated Sep. 22, 2014; accessed May 18, 2024).

Accessed:
May 18, 2024

Last modified:
Sep. 22, 2014

§ 1161’s source at nysenate​.gov

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