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New York Statutes

§ 1207-E — State and city not liable on bonds or notes

New York·Law PBA Public Authorities·Title 9 New York City Transit Authority·Art. 5 Public Utility Authorities
§ 1207-e. State and city not liable on bonds or notes. The bonds and\nnotes of the authority shall not be a debt of the state of New York or\nthe city, and neither the state nor the city shall be liable thereon,\nnor shall they be payable out of any funds other than those of the\nauthority.\n

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Nearby Sections

14
§ 1207
Notes and equipment trusts
§ 1207-A
Purchase of cars by the authority and disposition thereof
§ 1207-B
Issuance of bonds and notes by the authority
§ 1207-C
Required redemption of bonds
§ 1207-D
Agreement of the state
§ 1207-E
State and city not liable on bonds or notes
§ 1207-F
Bonds and notes legal investments for fiduciaries
§ 1207-G
Exemptions from taxation
§ 1207-H
Remedies of bondholders and noteholders
§ 1207-I
Rates of fare while bonds, notes and other obligations are outstanding
§ 1207-J
Limitation on the exercise of powers by authority and lease renewal
§ 1207-K
Purchase, financing and lease of cars and rolling stock by city
§ 1207-L
Inconsistent provisions of other acts superseded
§ 1207-M
Transit projects
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