New York

Mastic Beach, N.Y. residents voted Wednesday to dissolve their village government, a credit positive development for the struggling Long Island municipality, according to Moody’s Investors Service.

The New York State Thruway Authority is expected to face fiscal challenges with its current revenue structure and must implement a long-term capital plan to cover important infrastructure needs, according to a new audit released by State Comptroller Thomas DiNapoli.

New York Mayor Bill de Blasio signed legislation authorizing the creation of the Greater JFK Business Improvement District.

Mayor Bill de Blasio warned President-elect Donald Trump not to repeal the Dodd-Frank Act and promised to push back on other matters affecting New York.

Continued biennial toll and fare increases, and further savings are essential for the finances of New York’s MTA, its chief financial officer told the board.

Buffalo, N.Y. has been upgraded one notch to AA-minus by Fitch Ratings, the highest level New York’s second largest city has achieved since a near bankruptcy brought it close to junk level a decade ago.

The finance committee of New York's MTA approved Loeb & Loeb LLP as outside counsel relating to the Penn Station renovation project.

The opening of New York’s long-delayed $4.5 billion Second Avenue subway line by year’s end is still up in the air, said the MTA’s independent engineer.

While backers tout the benefits of green bond certification, municipal issuers must examine whether it's the best fit. Concerns include costs, procedural burdens and redundancies.

The Housing Partnership Development Corp. has received an excellence award from the New York Association for Affordable Housing.