N.Y. Public Authorities Law Section 1226-N
State, water board or municipality, other than the authority, not liable on authority bonds


Neither the state, the water board nor any municipality, other than the authority, shall be liable on the bonds of the authority and such bonds shall not be a debt of either the state, the water board or any municipality, and each such bond shall contain, on the face thereof, a statement to such effect.

Source: Section 1226-N — State, water board or municipality, other than the authority, not liable on authority bonds, https://www.­nysenate.­gov/legislation/laws/PBA/1226-N (updated Sep. 22, 2014; accessed Jul. 13, 2024).

Accessed:
Jul. 13, 2024

Last modified:
Sep. 22, 2014

§ 1226-N’s source at nysenate​.gov

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