N.Y. Public Authorities Law § 2049-n: Agreement with the town

§ 2049-n. Agreement with the town. The town is authorized to pledge to

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

to this title that the town will not limit or impair the rights hereby

vested in the authority to 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 agreements made with the holders

of the bonds or with any public corporation or person with reference to

such project or part thereof, or in any way impair the rights and

remedies of the bondholders, until the bonds, together with interest

thereon, with 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 are fully met and discharged.