Statute · New York Public Authorities Law
N.Y. Pub. Auth. Law § 2642-r — State, participating counties, and municipalities not liable for obligations of authority
N.Y. Pub. Auth. Law § 2642-r
- Type
- Statute
- Source
- New York Public Authorities Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 2642-r. State, participating counties, and municipalities not liable for obligations of authority. 1. Neither the state, the participating counties, nor any municipality or public corporation shall be liable on any bond, note or other obligation of the authority, and such bonds, notes or other…
Citator
N.Y. Pub. Auth. Law § 2642-r — State, participating counties, and municipalities not liable for obligations of authority is in force in the current edition of the Code, and nothing recorded condemns it.
§ 2642-r. State, participating counties, and municipalities not liable for obligations of authority. 1. Neither the state, the participating counties, nor any municipality or public corporation shall be liable on any bond, note or other obligation of the authority, and such bonds, notes or other obligations shall not be debts of the state, the participating counties, nor any municipality or public corporation, and such bonds, notes or other obligations shall contain a statement to such effect.
2. Nothing in this title shall be construed to obligate the state in any way in connection with the operations and obligations of the authority.