N.Y. Public Authorities Law § 1134: Agreement of the state

* § 1134. Agreement of the state. The state does hereby pledge to and

agree with the holders of any bonds issued by the authority pursuant to

this title that the state will not alter or limit the rights hereby

vested in the authority to negotiate, purchase, construct, maintain,

operate, repair, improve, increase, enlarge, extend, reconstruct,

renovate, rehabilitate or dispose of any project or any part or parts

thereof, for which bonds of the authority shall have been issued, to

establish and collect rates, rents, fees and other charges referred to

in this title and to fulfill the terms of any agreement made with or for

the benefit of the holders of the bonds or with any public corporation

or person with reference to the bondholders, until the bonds, together

with the interest thereon, including interest on any unpaid installments

of interest, and all costs and expenses in connection with any action or

proceeding by or on behalf of such holders, are fully met and

discharged. The authority is authorized to include this pledge and

agreement of the state in any agreement with the bondholders.

* NB There are 2 § 1134's