Statutes > New York Statutes > PBA - Public Authorities > Article 5 - PUBLIC UTILITY AUTHORITIES > Title 9 - (1200 - 1221) NEW YORK CITY TRANSIT AUTHORITY > 1207-E - State and city not liable on bonds or notes.

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

§  1207-e.  State and city not liable on bonds or notes. The bonds and  notes of the authority shall not be a debt of the state of New  York  or  the  city,  and  neither the state nor the city shall be liable thereon,  nor shall they be payable out of any  funds  other  than  those  of  the  authority.