New York

On Thursday the trustees of the Long Island Power Authority unanimously approved shifting operating control of the authority to PSEG from National Grid.

Republican John Burnett proudly tells his projects-to-Wall Street story as he runs for New York City comptroller, an office that oversees city bond deals and pension funds.

The next phase of the Hudson Yards project in New York could come with increasing costs to the city, according to the Independent Budget Office watchdog agency.

Moody's Investors Service revised its outlook on its A2 rating for Mount Sinai Hospital to negative from stable, reflecting "meaningful financial and integration risks" regarding its merger with Continuum Health Partners.

New York's MTA approved a credit for weekly and monthly customers of Metro-North Railroad's New Haven line, whose service has been disrupted since a ConEd feeder cable failed.

Fitch Ratings upgraded St. Peter's Health Partners to A-minus from BBB-plus.

Synthetic fixed-rate debt exposure is less than 10% of overall debt at New York’s Metropolitan Transportation Authority, finance manager Patrick McCoy said.

New York's MTA should use some of its unexpected $1.9 billion in revenue to mitigate fare and toll increases, said state Comptroller Thomas DiNapoli.

New York State is introducing a new sales tax-backed revenue bond type with a $1 billion deal.

But capital funding, and fare and toll hikes remain areas of concern

New York State's inaugural 10-year capital plan needs more info about asset conditions and financing plans, said the Citizens Budget Commission watchdog agency.

Suffolk, Nassau and Rockland counties are among New York counties and municipalities have been added to New York Comptroller Thomas DiNapoli's fiscal stress list.

New York City sold about $1.022 billion of general obligation bonds on Wednesday and $356 million of retail orders over the two prior days, said a spokesman for city Comptroller John Liu.

New York City will enter a partnership with national purchase-order repository SmartProcure in an effort to reduce procurement costs, according to Comptroller John Liu.

New York’s Metropolitan Transportation Authority Board increased the number and percentage of minority- and women-owned firms that will participate in MTA bond deals.

The board of New York’s MTA approved a contract with Kawasaki Rail Car for up to $1.8 billion to design and build rail cars for LIRR and Metro-North Railroad.

Carmen Bianco's presidency of New York City Transit is now permanent, MTA Chairman Thomas Prendergast announced.

Long Island Rail Road and local private-sector unions have reached an agreement designed to reduce labor costs on seven major construction projects by nearly 11%.

The sentencing of former UBS banker Mark Zaino, who pleaded guilty of municipal bond bid-rigging, was rescheduled to Oct. 24 in a New York federal court.