N.Y. Public Authorities Law § 1020-l: State and municipalities not liable on bonds or notes

* § 1020-l. State and municipalities not liable on bonds or notes. The

bonds, notes and other obligations of the authority shall not be a debt

of the state or of any municipality, and neither the state nor any

municipality shall be liable thereon. The authority shall not have the

power to pledge the credit, the revenues or the taxing power of the

state or of any municipality, and neither the credit, the revenues nor

the taxing power of the state or of any municipality shall be, or shall

be deemed to be, pledged to the payment of any bonds, notes or other

obligations of the authority. Each evidence of indebtedness of the

authority, including the bonds and notes of the authority, shall contain

a clear and explicit statement of the provisions of this section.

* NB There are 2 § 1020-l's