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N.Y. PBA Law § 883

This is the official text of N.Y. PBA Law § 883, part of New York’s PBA Law — part of the compiled statutory law of New York, published by the state as "PBA Law." Browse the sections below, each linked to its official government source.

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Agreement of the state

Official statutory text

§ 883. Agreement of the state. The state of New York does hereby\npledge to and agree with the holders of the bonds that the state will\nnot authorize the construction or operation of any market facilities\nwithin the district by any public agency or public corporation, nor will\nit limit or alter the rights hereby vested in the authority to acquire,\nconstruct, reconstruct, improve, equip, operate and maintain market\nfacilities, to establish and collect rentals, fees and other charges and\nto fulfill the terms of any agreements made with the holders of the\nbonds, or in any way impair the rights and remedies of the bondholders,\nuntil the bonds together with accrued interest thereon, with interest on\nany unpaid installments of interest and all costs and expenses in\nconnection with any action or proceeding by or on behalf of the\nbondholders, are fully met and discharged.\n

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.