New York

Long Beach, N.Y., which declared a state of fiscal emergency in February, is now facing additional financial strain after Hurricane Sandy swept through the oceanside city.

The New York State Common Retirement Fund's value increased to $150.1 billion during the second quarter ending Sept. 30, according to Comptroller Thomas DiNapoli.

Hurricane Sandy raised awareness about the need to better fortify the New York City region. What is not clear is the best way to do that, or to pay for it.

The Dormitory Authority of the State of New York is scheduled to sell $135 million of revenue bonds for the Rochester Institute of Technology on Tuesday.

Moody's Investors Service revised its outlook to stable from negative and affirmed the Ba1 rating of Queens Ballpark Co. LLC, developer of the New York Mets' Citi Field.

Increased economic development and better long-term financial planning point to signs of progress for Schenectady, according to an audit by New York’s state comptroller, Thomas DiNapoli.

Standard & Poor’s downgraded to AA-minus from AA about $170 million of revenue bonds issued by the Dormitory Authority of the State of New York for Vassar College.

Mike Hervey, the chief operating officer of the Long Island Power Authority resigned on Tuesday following Gov. Andrew Cuomo's announcement of an investigation into the hurricane response of state power companies.

Mayor Michael Bloomberg and other New York City leaders announced a $500 million emergency plan to make critical repairs to public schools and hospitals damaged by Hurricane Sandy.

Fitch Ratings revised the outlook to negative from stable on the Long Island Power Authority’s $5.9 billion of outstanding revenue bonds based on restoration costs from Hurricane Sandy.

Hurricane Sandy gave New York's Metropolitan Transit Authority a harsh wake-up call about the need to fix infrastructure in the face of climate change.

New York's Nassau County is expected to lose $30 million in sales tax revenue in the two weeks after Hurricane Sandy.

The MTA's Triborough Bridge and Tunnel Authority should be able to absorb revenue losses from Hurricane Sandy closures, said Moody's, though liquidity could be further squeezed.

New York's MTA, restoring its subway and commuter rail systems after Hurricane Sandy's damage, will continue its flurry of bond activity this week.

Moody's Investors Service said on Monday that costs from Hurricane Sandy could further weaken the Long Island Power Authority's financial condition.

Moody's Investors Service issued an action plan for public finance issuers affected by Hurricane Sandy.

New York State Comptroller Thomas DiNapoli on Friday projected the state's economic damage from Hurricane Sandy could exceed $18 billion.

Hurricane Sandy left the best laid capital plans of New York-area transportation agencies in shambles, hitting the Metropolitan Transportation Agency the hardest, flooding tunnels, subway lines and rendering most rail services in New York and New Jersey inoperable.

Hurricane Sandy left major challenges for many municipal bond firms after the Financial District of Manhattan was hammered hard by the storm.

Four officials of the Port Authority of New York and New Jersey received subpoenas on Thursday, seeking information related to last year's toll hikes.