Statutes > New York Statutes > PBA - Public Authorities > Article 5 - PUBLIC UTILITY AUTHORITIES > Title 10-B - (1230-A - 1230-AA) NIAGARA FALLS PUBLIC WATER AUTHORITY > 1230-O - State, city, water board or municipality, other than the authority, not liable on authority bonds.

1230-O - State, city, water board or municipality, other than the authority, not liable on authority bonds.

§  1230-o.  State,  city,  water board or municipality, other than the  authority, not liable on authority bonds. Neither the state,  the  city,  the water board nor any municipality, other than the authority, shall be  liable  on the bonds of the authority and such bonds shall not be a debt  of either the state, the water board, the city or any municipality,  and  each  such  bond shall contain, on the face thereof, a statement to such  effect.