New York

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.

New York Gov. Andrew Cuomo has launched a surety bond assistance program that is designed to help minority and women-owned businesses, or MWBEs, secure surety bonds and state contracts.

New York City Comptroller John Liu has launched (212)NO-WASTE, a hotline for city employees, contractors, and members of the public to report wasteful spending by city agencies.

Amid uncertainty over the cost of building a new Tappan Zee Bridge, New York State officials are floating creative ideas about what to do with the current span after it is replaced.

New York City could realize $100 million in savings from next week's $800 million general obligation refunding bond sale, Comptroller John Liu said Thursday.

The Port Authority of New York and New Jersey will earmark about half a billion dollars to renovate the 80-year-old George Washington Bridge, using money from toll and fare increases the bi-state agency recently implemented.

Stung by a scathing auditor's report that called the Port Authority of New York and New Jersey dysfunctional, its board of commissioners responded by saying it would not be business as usual at the bi-state agency.

The Hudson Yards Infrastructure Corp. learned that the New York State Department of Taxation and Finance has erroneously sent notices to state taxpayers who were holders of the corporation’s bonds, saying that all or a portion of the interest paid on the debt is subject to the state’s personal income tax.

The restructuring of three series of variable-rate demand bonds totaling $500 million by New York’s Triborough Bridge and Tunnel Authority is a credit-positive because it eliminates the risk of failed remarketings related to the credit of failed Dexia Credit Local, Moody’s Investors Service said in a report.

New York’s fiscal 2012-13 executive budget continues the progress made in the currently enacted budget to close an immediate projected gap as well as narrow out-year shortfalls, according to an analysis by state Comptroller Thomas DiNapoli.

Long Beach, N.Y., stung by a recent five-notch downgrade by Moody's Investors Service and an independent audit that cited improper budgetary practices, has declared a fiscal emergency.