N.Y. Public Authorities Law Section 1961
State and city not liable on bonds


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

Source: Section 1961 — State and city not liable on bonds, https://www.­nysenate.­gov/legislation/laws/PBA/1961 (updated Sep. 22, 2014; accessed Apr. 27, 2024).

Accessed:
Apr. 27, 2024

Last modified:
Sep. 22, 2014

§ 1961’s source at nysenate​.gov

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