2040-D - State, towns and municipalities not liable on bonds or notes. - New York Statutes

§ 2040-d. State, towns and municipalities not liable on bonds or notes. Neither the state, the towns nor any other municipality or public corporation shall be liable on the bonds and notes of the authority and such bonds and notes shall not be a debt of the state, the towns, any other municipality or public corporation, and such bonds and notes shall contain on the face thereof, a statement to such effect.