New York

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.

New York's tax revenue for the first half of the fiscal year has fallen slightly and missed targets, according to a report released by Comptroller Thomas DiNapoli on Friday.

The New York State Thruway Authority picked Tappan Zee Constructors to begin negotiations on a contract to construct the new $5 billion Tappan Zee bridge.

New York Gov. Andrew Cuomo received the Energy Highway Task Force's blueprint for additional electric generation and transmission capacity.

Raising the base fare on New York subways and buses to $2.50 is the most likely fare-increase scenario, said Joseph Lhota, chairman of the Metropolitan Transportation Authority.

A sale of $112.5 million of revenue bonds will finance renovations at the New York Aquarium, including a new shark building, and the Bronx Zoo.

Moody's Investors Service has cut the rating on Nassau County's outstanding general obligation debt to A2 from A1, citing further weakening in the county's financial position.

Rochester, N.Y., is expected to sell $34 million of general obligation bonds in two series this week. Ramirez & Co. is underwriter

New York City Comptroller John Liu launched a website to enable workers paid less than the prevailing wage on city public works projects to search online for the money they are owed.

The Port Authority of New York and New Jersey authorized a $31.5 million rehabilitation of a taxiway at Newark Liberty International Airport.

After hearing tearful requests for leniency, federal Judge Harold Baer imposed prison and fines on three former bankers convicted of municipal bond bid rigging.