New York

The Triborough Bridge and Tunnel Authority is scheduled to sell $195.6 million of general revenue variable-rate refunding bonds on Thursday by competitive bid.

Moody's Investors Service said Rockland County management has taken a proactive approach to closing its budget gap and took its Baa3 rating off review for further downgrade.

Lacking a financial plan for the $5 billion Tappan Zee Bridge replacement, the New York State Thruway Authority received negative ratings outlooks.

The New York City Housing Development Corp. has scheduled a $312 million sale of multifamily housing revenue bonds through negotiation Thursday, after a one-day retail period.

New York City Mayor Michael Bloomberg’s announcement of a long-sought $3 billion development project to convert the Willets Point, Queens, junkyard area adjacent to the Mets’ Citi Field baseball park into a five-million square foot retail and entertainment district has triggered reactions that range from positive to skeptical.

PNC Capital Markets LLC has hired Rob Dailey to lead its public finance banking business.

The Port Authority of New York and New Jersey sold $600 million in two competitive offerings on Wednesday, saving about $57.3 million on the refunding portion.

Standard & Poor's has revised its outlook on the New York State Thruway Authority's general revenue bonds to negative from stable based on possible lower debt service coverage.

Two New Jersey counties (Union and Monmouth) and one in New York (Monroe) will come to the market this week with competitive offerings to finance capital improvements.

The New York City Municipal Water Finance Authority plans to sell $450 million of fixed-rate, tax-exempt new money bonds on Tuesday, after a one-day retail order period.

After receiving confirmation of its Baa3 rating, Long Beach, N.Y., plans to issue $5 million of cash-flow notes late next week.

Nassau County, N.Y., is planning to issue up to $192 million of general obligation bonds to pay for property tax refunds and other settlements — with or without approval from its control board, the Nassau County Interim Finance Authority.

New York City’s Department of Transportation on Monday issued a request for statements of qualifications to operate its 81,000 street meters in a private management agreement.

In one of the largest deals scheduled for the municipal market this week, the Dormitory Authority of the State of New York is expected to sell $2 billion of state personal income tax revenue refunding bonds on Wednesday.

The New York City Transitional Finance Authority sold $1 billion of future tax-secured fixed-rate subordinate bonds, including $800 million of tax-exempt new-money bonds, $100 million of taxable qualified school construction bonds and $100 million of taxable new-money bonds.

New York school districts may be forced to reduce fund balance levels to meet rising expenditures in the absence of revenue growth, Moody’s Investors Service said in a report.

Nassau County, in New York's Long Island, received strong retail demand for the $218 million of short-term notes sold Thursday, with over $1 billion dollars in orders, said deputy county executive of finance Tim Sullivan.

A trial appealing the New York State Insurance Department's split of bond insurer MBIA Inc. ended with the plaintiffs' attorney arguing that since the department relied on incorrect facts in approving the split, it must be undone.

New York City stands to gain more than $100 million in additional funds to help close its fiscal 2013 budget gap, city Comptroller John Liu said Wednesday.

After recent downgrades, Long Island, N.Y.'s two financially troubled counties each plan to go to market this week to issue a combined $280 million of debt.