There is a newer version
of
the New York Laws
2017 New York Laws
STF - State Finance
Article 5-A - Certificates of Participation
66-G - Indemnification.
Universal Citation: NY State Fin L § 66-G (2017)
66-g. Indemnification. Any agreement for the issuance of certificates of participation to fund installment purchases by the state may provide that the state will indemnify the trustee, paying agent, service agent or any other person performing a similar or related function, but only to the extent that the liability triggering the event of indemnification is the fault of the state.
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