1161 - State, county and municipalities not liable on bonds or notes.

§ 1161. State, county and municipalities not liable on bonds or notes.  The  bonds or notes of the authority shall not be a debt of the state of  New York or of the county or of any  municipality  in  the  county,  and  neither  the  state  nor  the  county nor any municipality in the county  shall be liable thereon, nor shall they be  payable  out  of  any  funds  other than those of the authority.