ยง 51. Liability of state or municipality. 1. The bonds or other
obligations of an authority shall not be a debt of the state or the
municipality and neither the state nor the municipality shall be liable
thereon nor shall an authority have power in any way to pledge the
credit of the state or the municipality, nor shall the transfer from the
authority to the municipality or the vesting in the municipality of
property theretofore belonging to an authority impose upon the
municipality any obligations except such as it may expressly assume. The
foregoing provisions shall not apply in the event of a guaranty by a
municipality of the bonds or obligations of an authority.
2. Notwithstanding the provisions of the foregoing paragraph, a
municipality shall be liable for the repayment of any loans and interest
thereon made by the state to an authority, acting as an instrumentality
of such municipality.
Structure New York Laws
Article 3 - Municipal Housing Authorities
30 - Organization of Authorities.
31 - Scope of Authority's Jurisdiction.
32 - Officers and Employees; Compensation and Expenses.
33 - Transfer of Officers and Employees.
35 - Non-Liability of Authority Members.
36 - Disqualification of Members and Employees of Authorities.
39 - Projects Financed Solely by Authorities.
40 - Aid From and Cooperation With Federal Government.
41 - Power to Issue Authority Bonds.
42 - Provisions of Authority Bonds.
44 - Signature on Authority Bonds.
45 - Repurchase of Authority Bonds.
47 - Bond Covenants of an Authority.
48 - Guaranteed Indebtedness of an Authority.
49 - Authority Obligations as Legal Investments and Legal Security for Deposits by Public Officers.
50 - Foreclosure and Other Remedies Against an Authority.
51 - Liability of State or Municipality.
52 - Tax Exemptions of an Authority.
53 - Depositories of Authority Funds.
54 - Filing by Authority of By-Laws, Rules and Regulations.
55 - Projects Undertaken by Municipalities.
55-A - Facilities Incidental or Appurtenant to a Project.
56 - Authorities Created Prior to the Enactment of This Chapter.
57 - Dissolution of Authorities.
58 - Sale or Lease of Municipal Projects by Authorities.