ยง 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.
Structure New York Laws
Article 5 - Public Utility Authorities
Title 9 - New York City Transit Authority
1201 - New York City Transit Authority.
1202 - Purposes of the Authority.
1203 - Transfer of Transit Facilities by the City to the Authority.
1203-A - Subsidiary Corporation.
1204 - General Powers of the Authority.
1204-A - Rapid Transit Noise Code.
1204-C - Receipt of Line of Duty Pay.
1204-D - Special Powers of the Authority.
1204-E - New York City Transit Authority Advisory Council.
1205 - Rates of Fare and Levels of Service.
1205-A - Surrender of Power Plants.
1206-A - Transit Construction Fund.
1207 - Notes and Equipment Trusts.
1207-A - Purchase of Cars by the Authority and Disposition Thereof.
1207-B - Issuance of Bonds and Notes by the Authority.
1207-C - Required Redemption of Bonds.
1207-D - Agreement of the State.
1207-E - State and City Not Liable on Bonds or Notes.
1207-F - Bonds and Notes Legal Investments for Fiduciaries.
1207-G - Exemptions From Taxation.
1207-H - Remedies of Bondholders and Noteholders.
1207-I - Rates of Fare While Bonds, Notes and Other Obligations Are Outstanding.
1207-J - Limitation on the Exercise of Powers by Authority and Lease Renewal.
1207-K - Purchase, Financing and Lease of Cars and Rolling Stock by City.
1207-L - Inconsistent Provisions of Other Acts Superseded.
1209-A - Transit Adjudication Bureau.
1210-A - Flexible Benefits Program.
1211 - Members and Employees Not to Be Interested in Contracts.
1212 - Actions Against the Authority.
1212-A - Security by Authority.
1216 - Exemption From Taxation and Fees.
1217 - Records; Prima Facie Evidence.
1218 - Pending Actions and Proceedings.
1219 - Continuity of Jurisdiction.