N.Y. Local Finance Law § 84.00: Effect of recital of validity in obligations

§ 84.00 Effect of recital of validity in obligations. If the

obligations issued pursuant to a resolution or certificate published in

the manner provided in this title contain a recital in substantially the

form prescribed in section 52.00 of this chapter, such recital shall

bind the municipality, school district or district corporation issuing

such obligations, and twenty days after such resolution or certificate

shall have been published and after such obligations have been purchased

in good faith and for fair value by any person, the validity of such

obligations shall not be questioned by such municipality, school

district or district corporation or any taxpayer thereof in any court.