Laws of New York (Last Updated: November 21, 2014) |
PBA Public Authorities |
Article 8. MISCELLANEOUS AUTHORITIES |
Title 17. STATE OF NEW YORK MORTGAGE AGENCY ACT |
Part 1. |
Section 2410. State and municipalities not liable on bonds, notes or insurance commitments or contracts or development corporation credit support
Latest version.
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The bonds, notes, insurance commitments or contracts or development corporation credit support and other obligations of the agency shall not be a debt of the state of New York or of any municipality, and neither the state nor any municipality shall be liable thereon, nor shall they be payable out of any funds other than those of the agency.