N.Y. Public Authorities Law § 1978: Agreements of the state

§ 1978. Agreements of the state. The state of New York does pledge to

and agree with the holders of the bonds and notes that the state will

not limit or alter the rights hereby vested in the authority to acquire,

lease, mortgage or dispose of real or personal property or any interest

therein or construct, improve, enlarge, operate and maintain the

project, to fix, establish and collect the rates, rentals, fees and

other charges referred to in this act and to fulfill the terms of any

agreements made with the holders of the bonds and notes, or in any way

impair the rights and remedies of such bondholders and noteholders until

the bonds and notes, 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 and noteholders are fully met and discharged.