Section 1690. Contract of the state

The state of New York does pledge to
  and agree with the holders of the bonds that the state will not limit or
  alter the rights hereby vested in the authority to  acquire,  construct,
  reconstruct,  equip and operate dormitories and facilities, to establish
  and collect rentals and other charges referred to in this title  and  to
  fulfill  the terms of any agreements made with the holders of the bonds,
  or in any way impair the rights and remedies  of  the  holders  of  such
  obligations until the bonds, together with interest thereon, interest on
  any  unpaid  installments  on  interest,  and  all costs and expenses in
  connection with any  action  or  proceeding  by  or  on  behalf  of  the
  bondholders are fully met and discharged.