N.Y. Public Authorities Law § 834: Covenants with authority

§ 834. Covenants with authority. Any county, city, town or village

within the territorial limits of the district may by ordinance or

resolution of its governing body make covenants with the authority which

shall enure to the benefit of the holders of any bonds issued under this

title and which shall be a part of the contract with the holders in such

bonds, as to

1. the authorizing of 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;

2. discontinuing of market facilities then owned or operated by the

county, city, town or village or department or agency thereof;

3. limitations on the licensing of private market facilities within

the territorial limits of the county, city, town or village which may

compete with the market facilities owned or operated by the authority or

within a reasonable sphere of operation or extension by the authority.