N.Y. Public Authorities Law § 2541: Agreement with the state

§ 2541. Agreement with the state. The state does hereby pledge to and

agree with the holders of any notes or bonds issued under this title

that the state will not limit or alter the rights hereby vested in the

corporation to fulfill the terms of any agreements made with the said

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

holders until such notes and bonds, together with the 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

such holders, are fully met and discharged. The corporation is

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

agreement with the holders of such notes or bonds.