N.Y. PBA Law § 2642-R
This is the official text of N.Y. PBA Law § 2642-R, 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, participating counties, and municipalities not liable for obligations of authority
Official statutory text
§ 2642-r. State, participating counties, and municipalities not liable\nfor obligations of authority. 1. Neither the state, the participating\ncounties, nor any municipality or public corporation shall be liable on\nany bond, note or other obligation of the authority, and such bonds,\nnotes or other obligations shall not be debts of the state, the\nparticipating counties, nor any municipality or public corporation, and\nsuch bonds, notes or other obligations shall contain a statement to such\neffect.\n 2. Nothing in this title shall be construed to obligate the state in\nany way in connection with the operations and obligations of the\nauthority.\n
Status: in_force · Read it on the official government site
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