New York Laws
Title 28-B - Schenectady Metroplex Development Authority
2669-B - Agreement With County.

(b) The authority shall not include in any resolution, contract or
agreement with the holders of its bonds, or such persons or public
authorities who may enter into contracts with the authority, any
provision stating that, as a result of the county exercising its right
to reduce, as described in paragraph (a) of this subdivision, the rate
of, amend, modify or otherwise alter such sales and compensating use
taxes or related appropriations, or its right to amend, repeal, modify
or otherwise alter any such other tax, fee or appropriation a default
will occur.
3. Nothing in this title shall be deemed to obligate the county to
make additional payments or impose any taxes to satisfy the debt service
obligations of the authority.

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