There is a newer version of the New York Consolidated Laws
2006 New York Code - Agreement Of The State.
§ 2442. Agreement of the state. The state of New York does hereby pledge to and agree with the holders of any bonds, notes or tax lien collateralized securities issued under this title that the state will not limit or alter the rights hereby vested in the agency to fulfill the terms of any agreements made with the holders thereof, or in any way impair the rights and remedies of such holders until such bond, notes or tax lien collateralized securities together with the interest thereon, with interest on any unpaid installments of interest, and all costs and expenses in connection with any action or proceedings by or on behalf of such holders, are fully met and discharged. The agency is authorized to include this pledge and agreement of the state in any agreement with the holders of such bonds, notes or tax lien collateralized securities.
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