New York § 2542 State and city not liable on notes and bonds

New York Statutes

§ 2542 — State and city not liable on notes and bonds

New York § 2542

Law PBAPublic Authorities

Title 26New York City Stabilization Reserve Corporation

Art. 8Miscellaneous Authorities

This text of New York § 2542 (State and city not liable on notes and bonds) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Public Authorities § 2542 (2026).

Text

  § 2542. State and city not liable on notes and bonds. The notes, bonds\nor other obligations of the corporation shall not be a debt of either\nthe state or the city, and neither the state nor the city shall be\nliable thereon, nor shall they be payable out of any funds other than\nthose of the corporation; and such notes and bonds shall contain on the\nface thereof a statement to such effect.\n

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§ 2542. State and city not liable on notes and bonds. The notes, bonds\nor other obligations of the corporation shall not be a debt of either\nthe state or the city, and neither the state nor the city shall be\nliable thereon, nor shall they be payable out of any funds other than\nthose of the corporation; and such notes and bonds shall contain on the\nface thereof a statement to such effect.\n