N.Y. Municipal Housing Authorities Law § 73

* § 73. Non-liability of state or municipality. The bonds or other\nobligations of an authority shall not be a debt of the state or the\nmunicipality and neither the state nor the municipality shall be liable\nthereon nor shall an authority have power in any way to pledge the\ncredit of the state or the municipality, nor shall the transfer from the\nauthority to the municipality or the vesting in the municipality of\nproperty theretofore belonging to an authority impose upon the\nmunicipality any obligation except such as it may expressly assume.\n * NB The text of Article 5 of the former State Housing Law (cited\nherein as the "Municipal Housing Authorities Law"), as such article\nexisted immediately prior to its repeal pursuant to section 227 of\nChapter 808 of the Laws of 1939, is provided here for ease of reference\nand historical purposes as such text continues to be applicable for the\nNew York City Housing Authority pursuant to the provisions of section\n401 of the current Public Housing Law.\n