N.Y. Public Authorities Law § 830: Agreement of the state

§ 830. Agreement of the state. The state of New York does pledge and

agree with the holders of any bonds that are issued under this title

that the state will not authorize the construction of any market

facilities which will be competitive with any market facilities owned or

operated by the authority or within a reasonable sphere of operation and

extension of market facilities by the authority, nor will it limit or

alter the rights hereby vested in the authority to establish and collect

such rentals and license fees as may be necessary or convenient to

produce sufficient revenues to meet the expense of maintenance and

operation of the market facilities and to fulfill the terms of any

agreements made with the holders of the bonds, or in any way impair the

rights and remedies of bond holders, until the bonds, together with

interest thereon, with interest on any unpaid instalments of interest,

and all costs and expenses in connection with any actions or proceedings

by or on behalf of the bond holders, are fully met and discharged.