New York

The NYC TFA is scheduled to sell $900 million of fixed-rate future tax-secured bonds in two sub-series on Wednesday.

Moody’s Investors Service has affirmed the Aa1, Aa1/VMIG1 and P-1 ratings on Cornell University’s outstanding bonds and commercial paper, and revised the outlook to stable from negative.

The passage of New York’s budget is a credit positive for less affluent school districts struggling to overcome constraints caused by the state’s new 2% cap on annual increases in property tax levies, Moody’s Investors Service said in a report.

New York Comptroller Thomas DiNapoli has appointed Robert Ward as deputy comptroller of budget and policy analysis.

New York Comptroller Thomas DiNapoli on Monday announced the state's tentative bond calendar for the second quarter that totals $3.8 billion in new issuance, including the New York City Transitional Finance Authority's $900 million bond sale next week.

The Port Authority of New York and New Jersey is scheduled to auction $400 million of its consolidated bonds on Wednesday.

New York's Metropolitan Transportation Authority has purchased 300 new rail cars for $600 million.

The Port Authority of New York and New Jersey voted Thursday to cut compensation and benefits for non-union employees, saving an estimated $41 million over the next 18 months.

The Port Authority of New York and New Jersey submitted a request to federal officials that its Bayonne Bridge "Raise the Roadway" project be considered for expedited review under President Obama's executive order on permitting and federal review.

Pension overhaul will save New York City less money in the next few years than had been expected, according to a new analysis.

Suffolk County, N.Y., home of the Hamptons and a $530 million three-year budget deficit, issued $37 million of tobacco bonds Wednesday — one day ahead of schedule in order to take advantage of favorable market conditions.

The New York Liberty Development Corp., which issues debt to help rebuild the World Trade Center, led the inaugural Bond Buyer 100 list of top bond issuers for 2011.

New York's recently enacted pension reform, projected to save more than $80 billion over the next 30 years, is a favorable development for the state and its municipalities, Moody's Investors Service said in a report on Thursday.

New York’s tax collections through February were ahead of projections, state Comptroller Thomas DiNapoli said after releasing the monthly cash report for February.

New York City sold $470 million of new-money general obligation bonds by competitive sale last week, including $100 million of taxables and $370 million of tax-exempts.

New York State comptroller Thomas DiNapoli is conducting an audit of the city of Long Beach, which declared a fiscal emergency last month and faces a $10.25 million deficit.

The Port Authority of New York and New Jersey is aggressively going after uncollected toll revenue, filing 14 civil suits on Tuesday against what it calls the most egregious toll violators.

WASHINGTON — The Internal Revenue Service recently closed an audit of $228.1 million of Series 2007A green bonds issued by the Syracuse Industrial Development Authority in New York without changing the tax-exempt status of the bonds.

The New York Mets'$162 million settlement Monday in the Bernard Madoff fraud case looms as a victory for a financially beleaguered baseball franchise that has experienced few of them in recent years.

In a rare debt structure, 7 World Trade Center II, LLC, a special-purpose entity, will secure two loans to refund $475 million of Series A and B Liberty revenue bonds, which helped finance the construction of floors 10 through 52 of 7 World Trade Center.