2006 New York Code - Agreement With State.

 
    §  2041-l.  Agreement  with state. The state does hereby pledge to and
  agree with the holders of any bonds issued by the authority pursuant  to
  this  title  that  the  state will not alter, limit or impair the rights
  hereby vested in the authority to purchase, construct, own and  operate,
  maintain, repair, improve, reconstruct, renovate, rehabilitate, enlarge,
  increase  and  extend,  or  dispose of any project, or any part or parts
  thereof, for which bonds of the authority shall  have  been  issued,  to
  establish  and  collect rates, rents, fees and other charges referred to
  in this title, to fulfill the terms of any agreements made with  or  for
  the  benefit  of  the holders of bonds or with any public corporation or
  person with reference to such project or part thereof, or in any way  to
  impair the rights and remedies of the holders of bonds, until the bonds,
  together  with  interest  thereon,  including  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 holders of bonds, are
  fully met and discharged, provided, however, that this section shall not
  be construed to limit in any manner the ability of the state  to  alter,
  amend  or  enforce  laws or regulations to protect public health and the
  environment. The authority is authorized  to  include  this  pledge  and
  agreement of the state in any agreement with the holders of bonds.