ยง 2410. State and municipalities not liable on bonds, notes or
insurance commitments or contracts or development corporation credit
support. The bonds, notes, insurance commitments or contracts or
development corporation credit support and other obligations of the
agency shall not be a debt of the state of New York or of any
municipality, and neither the state nor any municipality shall be liable
thereon, nor shall they be payable out of any funds other than those of
the agency.
Structure New York Laws
Article 8 - Miscellaneous Authorities
Title 17 - State of New York Mortgage Agency Act
2403 - State of New York Mortgage Agency.
2405 - Purchase of Existing Mortgages.
2405-B - Purchase of Forward Commitment Mortgages.
2405-C - Purchase of New Housing Loans.
2405-D - Lease-to-Own Program.
2405-E - Purchase of Employer Assisted Forward Commitment Mortgages.
2405-F - New York State Community Restoration Fund.
2406 - Bonds and Notes of the Agency.
2408 - Reserve Funds and Appropriations.
2409 - Remedies of Bondholders and Noteholders.
2411 - Agreement of the State.
2413 - Exemption From Taxation of Bonds and Notes and Insurance Commitments and Loans.
2414 - Bonds and Notes as Legal Investments for Public Officers and Fiduciaries.
2417 - Limitation of Liability.
2420 - Court Proceedings; Preferences; Venue.