Section 1199-LLLL. Agreement with 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  purchase,  construct,  maintain,
  operate,  repair,  improve,  increase,  enlarge,  extend,   reconstruct,
  renovate,  rehabilitate or dispose of any water or sewer project, or any
  part or parts thereof, for which bonds of the authority shall have  been
  issued,  to  establish  and collect rates, rents, fees and other charges
  referred to in this title 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 authority is authorized to
  include this pledge and agreement of the state  in  any  agreement  with
  bondholders.
    * NB There are 2 § 1199-llll's