New York

Huge challenges remain for New York City as uncertainty hovers over labor settlements and the lingering costs of Sandy, said the city's Independent Budget Office.

Women in Public Finance will honor three professionals next month in Chicago at the national organization's 7th annual founders' awards.

Standard & Poor's lowered its rating on $700 million of Queens Ballpark bonds, used to build the New York Mets' Citi Field, one notch to BB partly because of concerns the team will continue to lose.

New York City and two of its financing authorities have announced the selection of underwriting syndicates, following a request-for-proposals process.

Joe Lhota's departure as New York MTA chairman creates uncertainty at one of the largest issuers in the municipal marketplace as it confronts problems that include high turnover in its top job.

New York City Comptroller John Liu called for an end to property-tax breaks and other concessions to large corporations, including Madison Square Garden.

Joseph Lhota announced his resignation as Metropolitan Transportation Authority chairman and said he would consider running for New York City mayor.

Holders of bankrupt American Airlines' New York City airport debt are weighing a settlement offer that would pave the way for the carrier to assume its lease at John F. Kennedy International Airport.

New York State government must change its financial practices, the Richard Ravitch and Paul Volcker state budget task force said.

The finance committee of New York's MTA approved the borrowing of up to $2.5 billion in long-term bonds to cover Hurricane Sandy-related repair costs.

New York City's budget is balanced for the current fiscal year, but dark shadows hover, according to an analysis by state Comptroller Thomas DiNapoli.

New York's Metropolitan Transportation Authority should increase its base fare to $2.50 from $2.25 among other changes, Chairman Joseph Lhota told the board.

New York City's sale of $1 billion of tax-exempt refunding general obligation bonds on Tuesday represented an increase of 18% from the expected $850 million par amount.

New York State government plans to sell at least $1.44 billion in bonds by the start of April.

An unexpectedly low bid for building a replacement Tappan Zee bridge in New York reduces financial pressure on the New York Thruway Authority, an analyst says.

Standard & Poor’s on Thursday revised its outlook on the Long Island Power Authority to negative from stable and affirmed the A-minus rating on its $6.6 billion of bonds outstanding.

Standard & Poor’s has raised its long-term rating on the village of Nyack, N.Y.’s general obligation debt to A from A-minus. The outlook is stable.

The Port Authority of New York and New Jersey sold $595 million of consolidated bonds in two competitive offerings on Wednesday.

The New York City Municipal Water Finance Authority priced $441 million of second resolution, fixed-rate tax-exempt new-money bonds Wednesday.

New York City and private real estate officials broke ground Tuesday on a 26-acre development at Hudson Yards, once the single largest piece of undeveloped property in Manhattan.