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N.Y. Pub. Auth. Law § 569

Protection of prior bondholders

2014-09-22

§ 569. Protection of prior bondholders. Nothing in this title\ncontained shall be deemed in any way to limit or alter the rights vested\nin the authority to establish and collect such charges and tolls as may\nbe convenient or necessary to produce sufficient revenue to meet the\nexpense of maintenance and operation and to fulfill the terms of any\nagreements made with the holders of bonds issued or authorized to be\nissued prior to January first, nineteen hundred forty-six, or in any way\nto impair the rights and remedies thereunder of the holders of such\nbonds.\n

Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.