Section 2515. Agreement of the state

The state of New York does hereby
  pledge to and agree with the holders of any bonds or notes issued  under
  this  title  that  the  state  will not limit or alter the rights hereby
  vested in the authority to fulfill the terms of any agreements made with
  the holders thereof, or in any way impair the  rights  and  remedies  of
  such  holders  until  such  bonds  or  notes  together with the 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
  agreement with the holders of such bonds or notes.
    * NB (Discontinued-Board of Directors never appointed)