Statute · New York General Municipal Law
N.Y. Gen. Mun. Law § 870 — State and municipality not liable on bonds or notes
N.Y. Gen. Mun. Law § 870
- Type
- Statute
- Source
- New York General Municipal Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 870. State and municipality not liable on bonds or notes. The bonds or notes and other obligations of the authority shall not be a debt of the state or of the municipality, and neither the state nor the municipality shall be liable thereon, nor shall they be payable out of any funds other than…
Citator
N.Y. Gen. Mun. Law § 870 — State and municipality not liable on bonds or notes is in force in the current edition of the Code, and nothing recorded condemns it.
§ 870. State and municipality not liable on bonds or notes. The bonds or notes and other obligations of the authority shall not be a debt of the state or of the municipality, and neither the state nor the municipality shall be liable thereon, nor shall they be payable out of any funds other than those of the agency.