N.Y. Public Authorities Law § 3015: Agreement with the state

§ 3015. Agreement with the state. The state does hereby pledge to and

agree with the holders of any notes or bonds issued by a corporation

under this act that the state will not limit or alter the rights hereby

vested in such 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 paid and discharged. A

corporation is authorized to include this pledge and agreement of the

state in any agreement with the holders of such notes or bonds.