New York

State Senate Republicans in Albany have cut $770 million in capital financing for New York’s Metropolitan Transportation Authority and rejected the agency’s request for a $7 billion bonding cap increase.

New York City intends to sell $370 million of fixed-rate, tax-exempt new money bonds and roughly $100 million of fixed-rate taxable bonds via two separate competitive bids on Tuesday, subject to market conditions.

New York City's fiscal condition continues to improve, but remains at risk for deficits because it has relied on nonrecurring resources to balance its budget, New York State Comptroller Thomas DiNapoli said in an annual report on the city's fiscal plan.

More shoes began to drop in Suffolk County, N.Y., as Standard & Poor's on Tuesday placed its AA long-term and underlying ratings on credit watch with negative implications.

The New York State Thruway Authority plans to issue $779.3 million of second general highway and bridge trust fund bonds, Series 2012A, on Wednesday by negotiated bid.

Suffolk County is home to Long Island's Hamptons beach resorts and carries the monicker "playground of the rich." It's also home to a projected $530 million budget deficit over three years, and the county fears it will run out of money in April.

Standard & Poor's changed St. Peter's Hospital’s outlook to positive from stable, citing immediate benefits from the Albany hospital's recent merger.

The Dormitory Authority of the State of New York is scheduled to sell $205 million of new-money and refunding bonds for New York University this week, following a one-day retail order period. Bank of America Merrill Lynch is the lead underwriter.

Following a report that said it pays a lot more to New York's Metropolitan Transportation Authority that it gets in service, Rockland County, N.Y., officials have begun to explore a withdrawal from the MTA.

The New York City Municipal Water Finance Authority intends to sell $502.2 million of fiscal 2012 Series EE second resolution, fixed-rate, tax-exempt bonds on Tuesday.

The New York Mets' owners must pay as much as $83.3 million to a trustee in advance of a trial to determine the team's level of involvement in the Bernard Madoff Ponzi scheme.

New York's Metropolitan Transportation Authority will go to market armed with a creative tool: the floating-rate note.

The Nassau Off-Track Betting Corp. has agreed to pay harness horse-racing tracks to settle a long-running, multimillion-dollar lawsuit.

New York Gov. Andrew Cuomo and the Legislature reached a general consensus on the coming year’s forecasted state revenues.

Todd Miles joined law firm Harris Beach as a partner in the public finance and economic development practice group along with the municipalities and quasi-governmental agencies team.

The chairman and chief executive of New York's Metropolitan Transportation Authority said the timing is ideal for two bond sales in March, including a $400 million offering next week.

The executive director of the Port Authority of New York and New Jersey said an audit report that upbraided the bistate agency is an effective wakeup call.

New York Gov. Andrew Cuomo is leaning on lawmakers to pass a pension overhaul package that he says would save the state $113 billion over 30 years.

Detractors say the Port Authority of New York and New Jersey is too big and secretive, overcharges commuters, carries way too much debt, and shouldn't run point for the World Trade Center redevelopment.

Long Beach, N.Y.’s declaration of fiscal crisis, giving its new city manager broader powers, is a credit positive, said Moody’s Investors Service.