N.Y. Public Authorities Law § 2477: Agreement of the state

* § 2477. Agreement of the state. The state of New York does hereby

pledge to and agree with the holders of any bonds or notes issued under

this title that the state will not limit or alter the rights hereby

vested in the authority to fulfill the terms of any agreements made with

the holders thereof, or in any way impair the rights and remedies of

such holders until such bonds or notes together with the interest

thereon, with interest on any unpaid installments of interest, and all

costs and expenses in connection with any action or proceedings by or on

behalf of such holders, are fully met and discharged. The authority is

authorized to include this pledge and agreement of the state in any

agreement with the holders of such bonds or notes.

* NB (Disbanded March, 1980)