New York Laws
Title 5 - Clifton-Fine Health Care Corporation
3610 - State and Towns Not Liable on Corporation Bonds.

(b) Except as may be authorized by the town pursuant to section seven
of article seventeen of the state constitution and section thirty-six
hundred eight of this title, the town shall not be liable on the bonds
or notes of the corporation and such bonds or notes shall not be a debt
of the town, and such bonds and notes shall contain on the face thereof
a statement to such effect or a statement describing the town liability
thereon, if any.