New York

A New York State appellate court's upholding of the Metropolitan Transportation Authority's payroll mobility tax is a credit positive for the transit agency, Moody's Investors Service said Monday.

New York City sold $12.8 billion of bonds in fiscal 2013 including $6.8 billion in new-money and $6 billion in refinancings, Deputy Comptroller Carol Kostik said.

Standard & Poor's has put its A-minus rating on the debt of Long Island Power Authority on CreditWatch negative.

Former state Assemblyman Jerry Kremer wants New York City to allow and promote European-style youth hostels, saying the move would bring millions in tourist money.

Standard & Poor's says it plans to upgrade the debt of Polytechnic Institute of New York University by six notches on January 1.

A New York State appellate court has reversed a lower court and upheld the constitutionality of the Metropolitan Transportation Authority's payroll mobility tax.

Many of the 24 local governments New York Comptroller Thomas DiNapoli listed as being the state's most fiscally stressed have solid bond ratings.

New York's MTA, envisioning "significant revenue" for its capital program, plans to vacate its midtown Manhattan headquarters by the end of 2014.

The New York City Housing Development Corp. will issue $462 million in multi-family housing revenue bonds after its board of directors approved the move.

Susan Kupferman, senior advisor to the chairman of New York's Metropolitan Transportation Authority, died Wednesday morning at age 54 after a long illness.

New York City Comptroller John Liu said his office would audit contracts with Navigant after a state commission questioned the firm's dealings with LIPA.

New York City's revised $70 billion budget will include $250 million for storm resiliency and $58 million to the Housing Authority to offset federal sequester cuts.

The New York Senate and Assembly on early Friday morning passed Gov. Andrew Cuomo's plan for restructuring the Long Island Power Authority.

The New York State Senate confirmed Gov. Andrew Cuomo's appointment of Thomas Prendergast to serve as chairman and chief executive of the Metropolitan Transportation Authority

Mayor Michael Bloomberg's $20 billion storm-resistance plan for New York City consumes 430 pages. The list of questions about it runs pretty long, too.

The New York City Municipal Water Finance Authority's $344 million sale of second resolution this week included $145 million of retail orders.

On Tuesday New York state government leaders reached an agreement to create a Financial Restructuring Board for Local Governments.

Moody's Investors Service downgraded the Schenectady City School District, N.Y.'s general obligation debt to A2 from A1 on Tuesday.

Two state lawmakers from Staten Island want the Metropolitan Transportation Authority to reconsider its decision to use 15,000 tons of steel fabricated in China for repairs to the Verrazano-Narrows Bridge.

New York Comptroller Thomas DiNapoli released a list of 24 fiscally stressed counties, cities and towns in the state Tuesday.