N.Y. Public Authorities Law § 2441: State and municipalities not liable on bonds and notes

§ 2441. State and municipalities not liable on bonds and notes. The

bonds, notes, tax lien collateralized securities and other obligations

of the agency and its tax lien entity shall not be a debt of the state

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

municipality shall be liable thereon, nor shall they be payable out of

any funds other than those of the agency pledged therefor and such

bonds, notes, tax lien collateralized securities and other obligations

shall contain on the face thereof a statement to such effect.