Statutes > New York Statutes > PBA - Public Authorities > Article 5 - PUBLIC UTILITY AUTHORITIES > Title 6 - (1115 - 1115-BB) ALBANY MUNICIPAL WATER FINANCE AUTHORITY > 1115-P - State, city and water board not liable on authority bonds.

1115-P - State, city and water board not liable on authority bonds.

§  1115-p.  State, city and water board not liable on authority bonds.  Neither the state, nor the city, nor the water board nor any subdivision  thereof shall be liable on the bonds of the  authority  and  such  bonds  shall not be a debt of the state, the city, or such water board.