N.Y. Public Authorities Law § 2046-d: State and town not liable on bonds or notes

§ 2046-d. State and town not liable on bonds or notes. Neither the

state, the town nor any other municipality or other public corporation

shall be liable on the bonds and notes of the agency and such bonds and

notes shall not be a debt of the state, the town or any other

municipality or public corporation, and such bonds and notes shall

contain on the face thereof a statement to such effect.