Statute · New York Public Authorities Law
N.Y. Pub. Auth. Law § 3610 — State and towns not liable on corporation bonds
N.Y. Pub. Auth. Law § 3610
- Type
- Statute
- Source
- New York Public Authorities Law
- Jurisdiction
- New York
- Current through
- Nov 6, 2026 (NY Senate Open Legislation)
§ 3610. State and towns not liable on corporation bonds. (a) The state shall not be liable on the bonds or notes of the corporation and such bonds or notes shall not be a debt of the state, and such bonds and notes shall contain on the face thereof a statement to such effect.
Citator
N.Y. Pub. Auth. Law § 3610 — State and towns not liable on corporation bonds is in force in the current edition of the Code, and nothing recorded condemns it.
§ 3610. State and towns not liable on corporation bonds. (a) The state shall not be liable on the bonds or notes of the corporation and such bonds or notes shall not be a debt of the state, and such bonds and notes shall contain on the face thereof a statement to such effect.
(b) Except as may be authorized by the town pursuant to section seven of article seventeen of the state constitution and section thirty-six hundred eight of this title, the town shall not be liable on the bonds or notes of the corporation and such bonds or notes shall not be a debt of the town, and such bonds and notes shall contain on the face thereof a statement to such effect or a statement describing the town liability thereon, if any.