New York

New York's MTA has strengthened its financial condition over the past two years, but still faces continued challenges, said state Comptroller Thomas DiNapoli.

On Wednesday the Nassau County Interim Finance Authority is expected to sell $313 million of triple-A rated sales tax secured bonds and the Nassau County Local Economic Assistance Corporation is scheduled to sell $132 million of revenue bonds.

Wells Fargo has hired two industry veterans for its New York City public finance leadership team. The firm hired Sally Bednar as a managing director, head of Higher Education and co-head of the Education and Nonprofit group. It also hired Rick Molke as a managing director and co-head of the Energy and Corporate group.

The Dormitory Authority of the State of New York is expected to sell about $450 million of mostly refunding bonds this week, starting with $372 million of school district bonds on Tuesday.

Long Beach's approved property tax increase that will raise $1.9 million annually toward narrowing the city's deficit is a credit positive, Moody's Investors Service said.

A labor coalition wants New York's MTA to renegotiate or cancel interest-rate swaps on bond deals, while the agency says it still saves money on them.

The Federal Highway Administration approved New York's plan for a new span to replace the current Tappan Zee bridge.

The Port Authority of New York and New Jersey sold $2 billion of taxable bonds on Thursday — a day ahead of schedule, due to strong demand.

Goldman, Sachs & Co. agreed to pay $14.5 million to settle charges that a former vice president engaged in pay to play when working for the firm.

New York City announced plans to build the world's biggest ferris wheel and a designer outlet complex next to the ferry terminal on Staten Island.

After a raucous public speaking session and sniping between chairman Joe Lhota and board member Charles Moerdler, New York's MTA tweaked its advertising policy and meeting schedule.

The Suffolk County Water Authority is scheduled to sell $80 million of revenue bonds on Thursday to refund outstanding bonds and to finance improvements for the water system.

The New York City Housing Authority has announced plans to build private housing on its underused land and tap a HUD program for $500 million in bond money.

New York's Metropolitan Transportation Authority plans to continue its aggressive borrowing with $3.1 billion in bond sales over the next three months.

The finance committee of New York's MTA authorized an increase in the amount of fuel-hedging capacity, which budget officials say minimizes volatility.

New York Comptroller Thomas DiNapoli proposed a monitoring system that would rate the financial status of local governments and school districts in the state.

After receiving a rating upgrade, the State of New York Municipal Bond Bank Agency sold $280 million of revenue refunding bonds on Monday, a day ahead of schedule.

The Port Authority of New York and New Jersey will sell $2 billion of taxable bonds for its multi-billion dollar project of redeveloping the World Trade Center site in lower Manhattan.

New York City will sell $1.2 billion of general obligation bonds through negotiation in October.

Moody's Investors Service revised the outlook on Syracuse, N.Y.'s A1 bond rating to negative from stable.