2006 New York Code - State And County Not Liable On Corporation Bonds.

 
    §  3409.  State  and  county not liable on corporation bonds.  (a) The
  state shall not be liable on the bonds or notes of the  corporation  and
  such bonds or notes shall not be a debt of the state, and such bonds and
  notes shall contain on the face thereof a statement to such effect.
    (b)  Except  as  may  be  authorized by the county pursuant to section
  seven of  article  seventeen  of  the  state  constitution  and  section
  thirty-four  hundred seven of this title, the county shall not be liable
  on the bonds or notes of the corporation and such bonds or  notes  shall
  not  be  a debt of the county, and such bonds and notes shall contain on
  the face thereof a statement to such effect or  a  statement  describing
  the county liability thereon, if any.