§ 2411. Agreement of the state. The state of New York does hereby
pledge to and agree with the holders of any bonds or notes or any
mortgage insurance contract issued under this title that the state will
not limit or alter the rights hereby vested in the agency 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, or insurance contracts 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 agency is authorized to
include this pledge and agreement of the state in any agreement with the
holders of such bonds or notes or insurance contracts.