2006 New York Code - Agreement With State.

 
    §  2680-k.  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  and with those persons or public corporations who may enter
  into contracts with the authority pursuant to the provisions of this act
  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 the of sports, recreation or cultural
  facilities, 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 contracts or agreements made with  or  for  the  benefit  of  the
  holders of bonds or with any person or public corporation 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 action or proceeding
  by or on behalf of the holders of bonds, are fully  met  and  discharged
  and such contracts are fully performed on the part of the authority. The
  authority  is  authorized  to  include  this pledge and agreement of the
  state in any agreement with the holders of bonds.