New York § 1337 Agreement of the state

New York Statutes

§ 1337 — Agreement of the state

New York § 1337

Law PBAPublic Authorities

Title 11-DCentral New York Regional Transportation Authority

Art. 5Public Utility Authorities

This text of New York § 1337 (Agreement of the state) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Public Authorities § 1337 (2026).

Text

  § 1337. Agreement of the state. The state does hereby pledge to and\nagree with the holders of any notes or bonds issued under this title,\nthat the state will not limit or alter the rights hereby vested in the\nauthority to fulfill the terms of any agreements made with the holders\nthereof, or in any way impair the rights and remedies of such holders\nuntil such notes or bonds, together with the interest thereon, with\ninterest on any unpaid installments of interest, and all costs and\nexpenses for which the authority is liable in connection with any action\nor proceeding by or on behalf of such holders, are fully met and\ndischarged. The authority is authorized to include this pledge and\nagreement of the state in any agreement with the holders of such notes\nor bonds.\n

Free access — add to your briefcase to read the full text and ask questions with AI

§ 1337. Agreement of the state. The state does hereby pledge to and\nagree with the holders of any notes or bonds issued under this title,\nthat the state will not limit or alter the rights hereby vested in the\nauthority to fulfill the terms of any agreements made with the holders\nthereof, or in any way impair the rights and remedies of such holders\nuntil such notes or bonds, together with the interest thereon, with\ninterest on any unpaid installments of interest, and all costs and\nexpenses for which the authority is liable in connection with any action\nor proceeding by or on behalf of such holders, are fully met and\ndischarged. The authority is authorized to include this pledge and\nagreement of the state in any agreement with the holders of such notes\nor bonds.\n