New York

The Metropolitan Transportation Authority may get needed relief from New York State for high borrowing fees connected with refunding bond sales, its executive director said Wednesday.

KeyBank broadened its coverage of municipal client relationships in the Northeast by opening a New York City office for its public sector group. The bank tapped industry veteran Jose Herrera as a senior vice president and senior relationship manager to run it.

The New York Racing Association has failed to implement significant financial reforms after its 2008 exit from Chapter 11 bankruptcy protection, according to an audit by New York State Comptroller Thomas DiNapoli released Tuesday.

The Dormitory Authority of the State of New York on Wednesday is scheduled to refund $122 million of Memorial Sloan-Kettering Cancer Center fixed-rate, tax-exempt revenue bonds, 2003 Series 1.

The New York City metropolitan region stands to lose billion of dollars through delays in infrastructure projects, the new executive director of the Port Authority of New York and New Jersey said Monday.

The New York City Municipal Water Finance Authority plans to sell $400 million of second-resolution, fixed-rate, tax-exempt new-money bonds Tuesday, after a one-day retail period.

New York City Comptroller John Liu’s office has launched a website, “MWBE Report Card NYC,” to track how much each city agency spends on minority- and women-owned enterprises. The address is mwbereportcardnyc.com.

The law firm Fulbright & Jaworski LLP recently promoted public finance attorney Michael Pikiel Jr. to partner in the New York City office.

Rockland County will ask the New York Legislature for authorization to issue up to $80 million of bonds to cover its operating deficit, and to raise its sales tax by three-eighths of 1% to cover those bonds.

The Port Authority of New York and New Jersey plans to auction $400 million of 171st Series consolidated bonds to support capital projects.

New York Gov. Andrew Cuomo on Tuesday introduced his fiscal 2012-13 executive budget. The $132.5 billion spending plan marks a decrease of $225 million from 2011-12. The recommendations cut the projected four-year deficit by more than half, to $7.4 billion from $16.4 billion.

Calling it "the most talked-about empty building in the Bronx," New York City Mayor Michael Bloomberg announced on Thursday an initiative to redevelop the site of the Kingsbridge Armory.

Nassau County, N.Y., won a court case last week in a dispute over payment of tax rebates to homeowners, but the county can expect a court challenge.

New York State Comptroller Thomas DiNapoli's office will initiate an audit of Nassau County's contracting procedures, which a state board that oversees the county's finances had requested last month.

The New York Senate on Monday confirmed Gov. Andrew Cuomo's nomination of Joseph Lhota as chairman and chief executive of the Metropolitan Transportation Authority, which runs New York City's transit system.

Suffolk County, N.Y., armed with a new executive and stung by adverse rating actions, has formed a task force to review its operating budget.

Casino dominoes are toppling in the Northeast as states scramble to obtain or preserve gambling revenue, often packaging the initiatives as job creation in a shaky economy.

New York Gov. Andrew Cuomo wants to build a convention center in Queens, repair many bridges and highways, legalize non-Indian casino gambling, and earmark $1 billion for jobs in Buffalo.

Suffolk County, N.Y., has scheduled an $83.6 million competitive sale of Series 2012 water system revenue refunding bonds for Thursday.

Standard & Poor's lowered its outlook to negative from stable on bonds issued for the New York Mets' ballpark, Citi Field, affecting $695.4 million of debt.