N.Y. Public Authorities Law § 1290-a: Insurance and guarantees

§ 1290-a. Insurance and guarantees. The corporation may obtain from

any department or agency of the United States of America any available

insurance or guaranty for the payment or repayment of interest or

principal, or both, or any part thereof, on any bonds or notes issued by

the corporation, but notwithstanding any other provisions of this title

may not enter into any agreement or contract with respect to any such

insurance or guaranty to the extent that it would in any way impair or

interfere with the ability of the corporation to perform and fulfill the

terms of any agreement made with the holders of the bonds or notes of

the corporation.