There is a newer version of the New York Consolidated Laws
2006 New York Code - State, County And Municipalities Not Liable On Bonds Or Notes.
§ 1103. State, county and municipalities not liable on bonds or notes. The bonds or notes of the authority shall not be a debt of the state of New York or of the county or of any municipality in the county, and neither the state nor the county nor any municipality in the county shall be liable thereon, nor shall they be payable out of any funds other than those of the authority.
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