N.Y. Private Housing Finance Law § 658: State and city not liable on notes and bonds

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