(e) In the event of any failure or refusal on the part of any party punctually to perform any covenant or obligation contained in any contract entered upon pursuant to this part, the authority may enforce performance by any legal or equitable process against such party; and consent is given for the institution of any such action.
(f) The authority shall be permitted to assign any payment due it by a contracting party to a trustee or paying agent as may be required by
the terms of any trust indenture entered into by the authority.