N.Y. Public Authorities Law § 1060: Agreements of the state

§ 1060. Agreements of the state. The state of New York does pledge to

and agree with the holders of the bonds that the state will not limit or

alter the rights hereby vested in the authority to acquire, construct,

maintain, operate, reconstruct and improve the properties, to establish

and collect the revenues, rates, rentals, fees and other charges

referred to in this title and to fulfill the terms of any agreements

made with the holders of the bonds, or in any way impair the rights and

remedies of the bondholders, until the bonds, together with interest

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

and expenses in connection with any action or proceeding by or on behalf

of the bondholders, are fully met and discharged.