§ 583. State and county not liable on bonds or notes. The bonds,\nnotes, and other obligations of the authority shall not be a legal or\nmoral debt of the state, nor a legal debt of the county, and neither the\nstate nor the county shall be liable thereon, nor shall the same be\npayable out of any funds other than those of the authority, unless the\ncounty voluntarily and formally assumes liability therefor. No recent\naction by the state in recognizing any legal or moral obligation for any\nindebtedness of any other authority shall in any way be construed as\ncreating any liability for any indebtedness of this authority.\n
N.Y. Pub. Auth. Law § 583
State and county not liable on bonds or notes
2014-09-22
Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.