N.Y. Public Authorities Law § 883: Agreement of the state

§ 883. Agreement of the state. The state of New York does hereby

pledge to and agree with the holders of the bonds that the state will

not authorize the construction or operation of any market facilities

within the district by any public agency or public corporation, nor will

it limit or alter the rights hereby vested in the authority to acquire,

construct, reconstruct, improve, equip, operate and maintain market

facilities, to establish and collect rentals, fees and other charges 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 the bondholders,

until the bonds together with accrued 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 the

bondholders, are fully met and discharged.