N.Y. PBA Law § 2441
This is the official text of N.Y. PBA Law § 2441, part of New York’s PBA Law — part of the compiled statutory law of New York, published by the state as "PBA Law." Browse the sections below, each linked to its official government source.
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State and municipalities not liable on bonds and notes
Official statutory text
§ 2441. State and municipalities not liable on bonds and notes. The\nbonds, notes, tax lien collateralized securities and other obligations\nof the agency and its tax lien entity shall not be a debt of the state\nof New York or of any municipality, and neither the state nor any\nmunicipality shall be liable thereon, nor shall they be payable out of\nany funds other than those of the agency pledged therefor and such\nbonds, notes, tax lien collateralized securities and other obligations\nshall contain on the face thereof a statement to such effect.\n
Status: in_force · Read it on the official government site
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