N.Y. Arts and Cultural Affairs Law § 20.29: Agreement of the state

§ 20.29. Agreement of the state. The state does hereby pledge to and

agree with the holders of any bonds or notes of a trust that the state

will not limit or alter the rights vested in a trust by this article or

by special law to fulfill the terms of any agreements made with the

holders thereof, or in any way impair the rights and remedies of such

holders until such bonds or notes together with the interest thereon,

with interest on any unpaid installments of interest, and all costs and

expenses in connection with any action or proceedings by or on behalf of

such holders, are fully met and discharged. A trust is authorized to

include this pledge and agreement of the state in any agreement with the

holders of such bonds or notes.