General Municipal Law § 870 · Title 1. Agencies, Organization and Powers
State and municipality not liable on bonds or notes
Verbatim from the official edition
Text — Law content up to date as of September 11, 2026, as published by the New York State Senate (Open Legislation)
§ 870. State and municipality not liable on bonds or notes. The bonds or notes and other obligations of the authority shall not be a debt of the state or of the municipality, and neither the state nor the municipality shall be liable thereon, nor shall they be payable out of any funds other than those of the agency.
Source of truth
- Edition
- Law content up to date as of September 11, 2026, as published by the New York State Senate (Open Legislation)
- Official file
- https://legislation.nysenate.gov/pdf/laws/GMU870
- Text hash
- sha256 36a56660b7640e0c9d82480d67373249fa87d1a049a0ecfa8ef559e103b1aa8a
- Composed by
- gen_ny_statutes.py 2026-11-10: the Senate's Open Legislation law tree (GET /api/3/laws/<ID>?full=true) read in document order; the Senate's PDF of the whole law (GET /pdf/laws/<ID>?full=true), read with PDFium, prints the same words in the same order
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.