§ 1160 — Agreements of the state

§ 1160. Agreements of the state. The state of New York does pledge to\nand agree with the holders of the bonds or notes that the state will not\nlimit or alter the rights hereby vested in the authority to acquire,\nconstruct, maintain, operate, reconstruct and improve the properties, to\nestablish and collect the revenues, rates, rentals, fees and other\ncharges referred to in this title and to fulfill the terms of any\nagreements made with the holders of the bonds or notes, or in any way\nimpair the rights and remedies of such bondholders or noteholders, until\nthe bonds or notes together with interest thereon, interest on any\nunpaid installments of interest, and all costs and expenses in\nconnection with any action or proceedings by or on behalf of the\nbondholders or noteholders are fully met and discharged.\n