N.Y. Public Authorities Law 1393 – State and city not liable on bonds
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§ 1393. State and city not liable on bonds. The bonds and other obligations of the authority shall not be a debt of the state of New York 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.
Terms Used In N.Y. Public Authorities Law 1393
- authority: shall mean the corporation created by section thirteen hundred seventy-eight of this title. See N.Y. Public Authorities Law 1376
- bonds: shall mean bonds issued by the authority pursuant to this title. See N.Y. Public Authorities Law 1376
- city: shall mean the city of Ogdensburg. See N.Y. Public Authorities Law 1376