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N.Y. PML Law § 510

This is the official text of N.Y. PML Law § 510, part of New York’s PML Law — part of the compiled statutory law of New York, published by the state as "PML Law." Browse the sections below, each linked to its official government source.

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State and participating counties not liable on bonds and notes

Official statutory text

§ 510. State and participating counties not liable on bonds and notes.\nThe bonds, notes or other obligations of a corporation shall not be a\ndebt of either the state of New York or of any participating county and\nneither the state nor any county shall be liable thereon, nor shall they\nbe payable out of any funds other than those of the corporation.\n

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.