There is a newer version of the New York Consolidated Laws
2016 New York Laws
LFN - Local Finance
Article 2 - LOCAL INDEBTEDNESS
Title 8 - (100.00 - 109.00) LIMITATIONS ON THE POWER TO CONTRACT INDEBTEDNESS
100.00 - Requirement of pledge of faith and credit.
NY Loc Fin L § 100.00 (2016) What's This?
100.00 Requirement of pledge of faith and credit. Every municipality, school district and district corporation shall pledge its faith and credit for the payment of all indebtedness contracted by it.
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