N.Y. Public Authorities Law § 2024: Agreements of the state

§ 2024. Agreements of the state. The state of New York does pledge to

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

impair the rights and remedies of such bondholders or noteholders, until

the bonds or notes together with interest thereon, interest on any

unpaid installments of interest, and all costs and expenses in

connection with any action or proceedings by or on behalf of the

bondholders or noteholders are fully met and discharged.