N.Y. Private Housing Finance Law § 658

§ 658. State and city not liable on notes and bonds. The notes, bonds\nor other obligations of the corporation shall not be a debt of either\nthe state of New York or of the city of New York, and neither the state\nnor the city shall be liable thereon, nor shall they be payable out of\nany funds other than those of the corporation; and such notes and bonds\nshall contain on the face thereof a statement to such effect.\n