N.Y. Banking Law § 289-a

§ 289-a. Immunity of trustee and member savings banks. The trustee\nshall in no event be individually liable for anything done or any\nliability incurred or assumed by virtue hereof, and any such liability\nshall be collectible only out of the fund, nor shall any member bank be\nsubject to any liability except for its unpaid contributions to the\nfund.\n