N.Y. Municipal Housing Authorities Law § 73: Non-liability of state or municipality

* § 73. Non-liability of state or municipality. The bonds or other

obligations of an authority shall not be a debt of the state or the

municipality and neither the state nor the municipality shall be liable

thereon nor shall an authority have power in any way to pledge the

credit of the state or the municipality, nor shall the transfer from the

authority to the municipality or the vesting in the municipality of

property theretofore belonging to an authority impose upon the

municipality any obligation except such as it may expressly assume.

* NB The text of Article 5 of the former State Housing Law (cited

herein as the "Municipal Housing Authorities Law"), as such article

existed immediately prior to its repeal pursuant to section 227 of

Chapter 808 of the Laws of 1939, is provided here for ease of reference

and historical purposes as such text continues to be applicable for the

New York City Housing Authority pursuant to the provisions of section

401 of the current Public Housing Law.