N.Y. Public Authorities Law Section 583
State and county not liable on bonds or notes

The bonds, notes, and other obligations of the authority shall not be a legal or moral debt of the state, nor a legal debt of the county, and neither the state nor the county shall be liable thereon, nor shall the same be payable out of any funds other than those of the authority, unless the county voluntarily and formally assumes liability therefor. No recent action by the state in recognizing any legal or moral obligation for any indebtedness of any other authority shall in any way be construed as creating any liability for any indebtedness of this authority.

Source: Section 583 — State and county not liable on bonds or notes, https://www.­nysenate.­gov/legislation/laws/PBA/583 (updated Sep. 22, 2014; accessed Oct. 26, 2024).

Green check means up to date. Up to date

Accessed:
Oct. 26, 2024

Last modified:
Sep. 22, 2014

§ 583’s source at nysenate​.gov

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