Section 1232-L. Agreement of the state

The state does hereby pledge to and
  agree with the holders of any bonds issued by the authority pursuant  to
  this  title  that  the  state  will not alter or limit the rights hereby
  vested in the authority to finance or refinance the acquisition, design,
  construction,  reconstruction,   rehabilitation   and   improvement   of
  facilities  and  to  fulfill the terms of any agreement made with or for
  the benefit of the holders of the bonds or with any  public  corporation
  or  person with reference to such project or part thereof, or in any way
  impair the rights and remedies of  the  bondholders,  until  the  bonds,
  together  with  the  interest  thereon, including interest on any unpaid
  installments of interest, and all costs and expenses in connection  with
  any  action or proceeding by or on behalf of such holders, are fully met
  and discharged. The state does also hereby pledge to and agree with  the
  holders of any bonds issued by the authority pursuant to this title that
  the  state  will  not alter or limit the rights of the county to assess,
  levy and collect special assessments within the district or the county's
  ability to collect any such charges, rents or  fees.  The  authority  is
  authorized  to  include  this  pledge  and agreement of the state in any
  agreement  with  bondholders.  Notwithstanding  any  provision  to   the
  contrary,  nothing  contained  in this title shall be deemed to restrict
  the right of the state or county of Nassau to amend, modify or otherwise
  alter laws, ordinances, resolutions or agreements imposing  or  relating
  to taxes or fees or appropriations relating thereto. The authority shall
  not  include  in any resolution or contract or agreement with the holder
  of its bonds any provision which provides that a default shall occur  as
  a result of the state or county exercising its right to amend, modify or
  otherwise  alter laws, ordinances, resolutions or agreements imposing or
  relating to taxes or fees or appropriations relating thereto.