There is a newer version of the New York Consolidated Laws
2006 New York Code - State And Municipality Not Liable On Bonds Or Notes.
§ 870. State and municipality not liable on bonds or notes. The bonds or notes and other obligations of the authority shall not be a debt of the state or of the municipality, and neither the state nor the municipality shall be liable thereon, nor shall they be payable out of any funds other than those of the agency.
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