Section 1207-D. Agreement of the state

The state of New York does hereby
  pledge to and agree with the holders of  the  bonds  and  notes  of  the
  authority  that  the state will not limit or alter the rights and powers
  hereby vested in the authority by this title to fulfill the terms of any
  contract made by the authority with such holders or in  any  way  impair
  the  rights  and  remedies  of  such holders until such bonds and notes,
  together with interest thereon, with interest on any unpaid installments
  of interest, and all costs and expenses in connection with any action or
  proceedings 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 contract with  the  holders  of  bonds  or
  notes.