N.Y. PBA Law § 583
This is the official text of N.Y. PBA Law § 583, 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 county not liable on bonds or notes
Official statutory text
§ 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
Status: in_force · Read it on the official government site
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