N.Y. Public Authorities Law § 2046-l: Agreements of the state

§ 2046-l. Agreements of the state. The state 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 agency to acquire, construct,

maintain, operate, reconstruct and improve any project, or part or parts

thereof, for which bonds or notes shall have been issued, to establish

and collect rates, rentals, fees and other charges referred to in this

title and to fulfill the terms of any agreement 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.