New York Laws
Title 12
1978 - Agreements of the State.

§ 1978. Agreements of the state. The state of New York does pledge to
and agree with the holders of the bonds and notes that the state will
not limit or alter the rights hereby vested in the authority to acquire,
lease, mortgage or dispose of real or personal property or any interest
therein or construct, improve, enlarge, operate and maintain the
project, to fix, establish and collect the rates, rentals, fees and
other charges referred to in this act and to fulfill the terms of any
agreements made with the holders of the bonds and notes, or in any way
impair the rights and remedies of such bondholders and noteholders until
the bonds and notes, together with interest thereon, 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
bondholders and noteholders are fully met and discharged.

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