ยง 614. State and city not liable on bonds and notes. The bonds, notes
or other obligations of the corporation shall not be a debt of either
the state 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 corporation.
Structure New York Laws
PML - Racing, Pari-Mutuel Wagering and Breeding Law
Article 6 - New York City Off-Track Betting Corporation
601 - Declaration of Policy and Statement of Purposes.
603 - New York City Off-Track Betting Corporation.
604 - Powers of the Corporation.
605 - Policing of Off-Track Betting.
606 - Personnel Administration; Pension, Retirement and Other Benefits.
609 - Contracts of Corporation.
609-A - Capital Acquisition Fund.
611 - Issuance of Bonds and Notes by Corporation.
614 - State and City Not Liable on Bonds and Notes.
616 - Remedies of Holders of Bonds and Notes.
617 - Exemption From Taxation.
618 - Notice of Claim; Action Against Corporation.
619 - Civil Actions Against Employees of the Corporation.
620 - Bonds and Notes as Legal Investments.
621 - Annual and Special Reports.