Section 1199-MMMM. 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 and 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-mmmm's