§ 63. Liability of state or municipality. The bonds or other\nobligations of the Utica transit authority shall not be a debt of the\nstate or a municipality and neither the state nor a municipality shall\nbe liable thereon nor shall the Utica transit authority have power in\nany way to pledge the credit of the state or a municipality, nor shall\nthe transfer from the Utica transit authority to a municipality or the\nvesting in a municipality of property theretofore belonging to the Utica\ntransit authority impose upon the municipality any obligations except\nsuch as it may expressly assume.\n
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