Section 658. State and city not liable on notes and bonds

Latest version.

The notes, bonds
  or other obligations of the corporation shall not be a  debt  of  either
  the  state of New York or of the city of New York, and neither the state
  nor the city shall be liable thereon, nor shall they be payable  out  of
  any  funds other than those of the corporation; and such notes and bonds
  shall contain on the face thereof a statement to such effect.

                    
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