2006 New York Code - Agreement With The State.

 
    §  3241.  Agreement with the state. 1. The state does hereby pledge to
  and agree with the holders of any bonds or notes issued under this title
  and with the providers of any bond or note  facilities  that  the  state
  will  not  limit or alter the rights hereby vested in the corporation to
  fulfill the terms of any agreements made with the said  holders  or  the
  said  providers,  or  in  any way impair the rights and remedies of such
  holders or providers until such  bonds  and  notes,  together  with  the
  interest  thereon, with interest on any unpaid installments of interest,
  and all obligations of the corporation to such providers, and all  costs
  and expenses in connection with any action or proceeding by or on behalf
  of  such  holders  or  providers,  are  fully  met  and  discharged. The
  corporation is authorized to include this pledge and  agreement  of  the
  state  in  any agreement with the holders of such bonds or notes or with
  any such providers.
    2. In order to induce prospective purchasers  to  purchase  bonds  and
  notes  of  the  corporation, the state hereby further pledges and agrees
  with the holders of bonds and notes of the corporation that,  while  any
  bonds  or notes of the corporation are outstanding, the state will abide
  by and not amend the provisions of section three  thousand  two  hundred
  forty-one-a  of  this  title  other  than  amendments which implement or
  clarify any ambiguity in its terms in ways that do not have  a  material
  adverse  effect  on  the  protections  established  in such section. The
  corporation shall include the pledge and agreement set forth  herein  in
  any agreement with the holders of its bonds and notes.