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N.Y. Racing, Pari-Mutuel Wagering and Breeding Law § 614

State and city not liable on bonds and notes

2014-09-22

§ 614. State and city not liable on bonds and notes. The bonds, notes\nor other obligations of the corporation shall not be a debt of either\nthe state or the city, and neither the state nor the city shall be\nliable thereon, nor shall they be payable out of any funds other than\nthose of the corporation.\n

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.