New York

Higher interest rates could challenge New York’s Metropolitan Transportation Authority over the next few years, said its chief financial officer.

Chicago-based Mesirow Financial has hired veteran infrastructure banker and public-private partnership specialist Walter Kulakowski in its New York office.

New York MTA plans $700 million of new-money transportation revenue bond anticipation notes and a $43.8 million remarketing next month, said finance manager Patrick McCoy.

Fitch Ratings has followed Standard & Poor’s in revising the Long Island Power Authority’s outlook from negative to stable.

Federal, state and New York City officials met with MTA Chairman Thomas Prendergast to discuss how to fast-track Second Avenue subway line extension to Harlem.

New York City’s November financial plan update for fiscal 2016 reveals a $304 million surplus, said Mayor Bill de Blasio.

New York and New Jersey announced a deal to allow a long-stalled Amtrak tail runnel project between New York and New Jersey to move full steam ahead.

Raymond James has hired 25-year investment banking veteran Reuben McDaniel as a managing director in the firm's New York office.

The New York City Municipal Water Finance Authority intends to sell about $340 million of refunding and new money bonds on Nov. 17.

The Long Island Power Authority’s credit outlook was revised to stable from negative Monday by Standard & Poor’s ahead of the utility issuing $250 million in electric system general revenue bonds.

Construction work has commenced on a privately-funded $260 million renovation and development of the Nassau Veterans Memorial Coliseum property in Uniondale, N.Y. that will create a new revenue stream for the Long Island's Nassau County.

The Suffolk County Legislature passed a $2.9 billion budget Wednesday that was balanced by including $117 million in one-time revenue projections.

A capital project to provide East Side access in New York to Long Island Rail Road trains is nearly 60% complete, said MTA official Michael Horodniceanu.

While the MTA's $29 billion capital plan is under review by a panel in Albany, the sniping remains in New York.

The former CEO of Queens Library in New York City sued the library in federal court, saying it fired him for cause to deny him more than $2 million in severance.

New York City ended fiscal 2015 with a $5 million surplus, city Comptroller Scott Stringer said in the city's annual comprehensive annual financial report.

While the Mets may not have grabbed the World Series title, New York City came out a winner as the team's post-season performance helped generate an additional $81.2 million for the Big Apple's economy, according to a new report.

The Nassau County, N.Y. Legislature approved a $2.95 billion 2016 budget that could face rejection by a fiscal control board because of uncertain revenue assumptions.

The Port Authority of New York and New Jersey is poised to recover nearly all of its anticipated $16 billion investment for the rebuilding of the World Trade Center, according to New York University's Rudin Center for Transportation.

How to fund repairs for crumbling infrastructure vexes the biggest of transit agencies and the smallest of states.