There is a newer version
of
the New York Laws
2017 New York Laws
PBA - Public Authorities
Article 8 - Miscellaneous Authorities
Title 15 - Auburn Industrial Development Authority
2322 - State and City Not Liable on Bonds.
Universal Citation: NY Pub Auth L § 2322 (2017)
2322. State and city not liable on bonds. The bonds and other obligations of the authority shall not be a debt of the state 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.
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