There is a newer version
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the New York Laws
2021 New York Laws
PVH - Private Housing Finance
Article 12 - New York City Housing Development Corporation
658 - State and City Not Liable on Notes and Bonds.
Universal Citation: NY Priv Hous Fin L § 658 (2021)
§ 658. State and city not liable on notes and bonds. The notes, bonds or other obligations of the corporation shall not be a debt of either the state of New York or of the city of New York, 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 corporation; and such notes and bonds shall contain on the face thereof a statement to such effect.
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