2006 New York Code - Agreement With The State.

 
    §  2049-mm.  Agreement with the 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 or limit the  rights  hereby
  vested  in  the  authority  to  purchase,  construct,  own  and operate,
  maintain,  repair,  improve,  increase,  enlarge,  extend,  reconstruct,
  renovate,  rehabilitate  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 agreement 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
  impair the rights and remedies of bondholders, until the bonds, together
  with the 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  such  holders,  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 bondholders.