New York

New York City Comptroller John Liu urged Mayor Michael Bloomberg to quickly identify senior administration officials responsible for orchestrating and overseeing the illegal lobbying activities at the city's Economic Development Corporation.

Moody's Investors Service has downgraded Onondaga County Water Authority's outstanding parity revenue bonds to Aa3 from Aa2.

Ernst & Young's US Transaction Advisory Services has expanded its infrastructure advisory practice with the acquisition of Jeffrey A. Parker & Associates, a financial advisory firm focused on infrastructure.

Nassau County received 13 responses to its request for information regarding a public-private partnership for its troubled sewer system.

The Dormitory Authority of the State of New York is expected to sell $1 billion of personal income tax bonds in a competitive offering on Tuesday.

Nassau County has entered into a partnership with asset management company Universal Management Technology Solutions, Inc., to help curb spending and save up to $25 million annually.

State building aid payable to the city secures the bonds under the School Financing Act.

The law firm taps a former key operative for the Dormitory Authority of the State of New York, perennially a top issuer.

The New York City Housing Development Corp. has approved nearly $250 million of housing bonds to finance three new developments and preserve and renovate eight others.

The New York Power Authority Board of Trustees approved $30 million in funding over a five-year period to accelerate energy efficiency market development activities and demonstration projects.

New York, New York City, and their public authorities are scheduled for $4.9 billion of bond sales during the third quarter of 2012, the New York State Comptroller Thomas DiNapoli announced Thursday.

With the amount of New York's public authorities increased to 63 in the past year, and the amount of outstanding debt totaling $142 billion, the Authorities Budget Office is recommending consolidation and reform.

Eric Schneiderman announces an agreement with the New York City Economic Development Corp. and two other organizations after alleging an illegal push for projects at Willets Point and Coney Island. No penalties or fines were involved.

Gov. Andrew Cuomo said the recent passage of the $105 billion highway bill is a boost for the Tappan Zee Bridge replacement project because it includes an increase in funding for the TIFIA program.

A new local development corporation closes its first four tax-exempt bond financings, totaling $93.4 million. Receiving the funding were the YMCA of Greater New York, Royal Charter Properties, New York Foundling Charitable Corp. Yeshiva Har Torah.

The City Council also overrode Mayor Michael Bloomberg's veto of the so-called living wage bill, affecting many companies that do business with the city.

Rockland County, facing a possible $40 million budget gap, saw its rating drop to BBB-minus by Standard & Poor's after it failed to get approval to issue deficit-reduction bonds.

The New York State Thruway Authority's $1.1 billion sale of general revenue bonds met high demand last week, despite being placed on negative outlook by credit rating agencies.

The Port Authority of New York and New Jersey has selected four firms to provide underwriting services for the World Trade Center redevelopment.

The high amount of approved budgets among New York school districts is a credit positive for the sector, said Moody's Investors Service in a recent report.