N.Y. Public Authorities Law § 2320: Agreements of the city and state

§ 2320. Agreements of the city and state. The city is authorized to,

and the state does hereby, pledge to and agree with the holders of the

bonds that neither the city nor the state, respectively, will limit or

alter the rights, hereby vested in the authority to acquire, construct,

reconstruct, improve, maintain, equip and finish the project or

projects, to establish and collect rentals, fees and other charges and

to fulfill the terms of any agreements made with the holders of the

bonds, nor 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.