N.Y. Public Authorities Law Section 2410
State and municipalities not liable on bonds, notes or insurance commitments or contracts or development corporation credit support


The bonds, notes, insurance commitments or contracts or development corporation credit support and other obligations of the agency shall not be a debt of the state of New York or of any municipality, and neither the state nor any municipality shall be liable thereon, nor shall they be payable out of any funds other than those of the agency.

Source: Section 2410 — State and municipalities not liable on bonds, notes or insurance commitments or contracts or development corporation credit support, https://www.­nysenate.­gov/legislation/laws/PBA/2410 (updated Sep. 22, 2014; accessed Jul. 6, 2024).

Accessed:
Jul. 6, 2024

Last modified:
Sep. 22, 2014

§ 2410’s source at nysenate​.gov

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