New York

While it continues to assess less visible Hurricane Sandy damage, New York's MTA must move quickly on initial repair work, according to federal guidelines.

The company that operates parking garages at Yankee Stadium and is staring at about $240 million of debt has hired bankruptcy counsel, according to a regulatory filing.

Although New York City's budget is balanced for now, significant financial risks lie ahead, according to a report by state Comptroller Thomas DiNapoli.

New York's Empire State Development Corp. is selling $827.5 million in highly rated bonds Wednesday.

The finance committee of New York's MTA approved up to $1.7 billion of transportation revenue bonds and Triborough Bridge bonds for capital projects.

Comptroller Thomas DiNapoli reported good news on New York State's fiscal-year revenues and spending, but also predicted that the optimism might soon fizzle.

Niagara Falls, N.Y. officials are warning that the city faces a possible financial crisis by late summer.

The cost of the East Side Access project to bring Long Island Rail Road service to Grand Central Terminal in New York City could cost nearly $9 billion when completed in 2019, New York State Comptroller Thomas DiNapoli said in a report Wednesday.

New York Comptroller Thomas DiNapoli has released a report saying New York authorities still need more accountability for their debt.

New York City's Municipal Water Finance Authority plans to sell $517 million of tax-exempt refunding bonds Tuesday, in its second issuance in two weeks.

Moody's Investors Service downgraded Utica's general obligation rating to Baa2 from Baa1, citing the city's severely weakened finances.

The Citizens Budget Commission in New York City honored Mayor Michael Bloomberg's economic team at its annual dinner.

Commitments to minority and women-owned business enterprises have increased to nearly $8 billion over three years, said New York City Comptroller John Liu.

Four of New York City's five pension funds have voted to invest $500 million in areas affected by Hurricane Sandy, according to city Comptroller John Liu, with the fifth expected to follow suit.

The Wildlife Conservation Society, which will reopen parts of the hurricane-damaged New York Aquarium in the spring, will sell bonds this week for Bronx Zoo renovations.

All three major rating agencies are saying a recent court decision is a potential credit negative for Nassau County, N.Y.

New York City plans to sell more than $1 billion in general obligation bonds starting next week. The total will reach an estimated $1.42 billion by mid-March.

A judge has temporally halted SUNY Downstate Medical Center's planned closure of a Brooklyn hospital.

The New York City Municipal Water Finance Authority sold $456 million of second resolution, fixed-rate, tax-exempt new money bonds through negotiation.

In the wake of a scandal involving former New York State comptroller Alan Hevesi and the New York retirement fund, an outside firm has declared current Comptroller Thomas DiNapoli to be running the fund honestly and efficiently.