New York

The Empire State Development Corp.’s board of directors approved funding totaling $11.1 million last week, leveraging more than $354 million in investment across New York State.

Moody’s Investors Service has assigned a stable rating to Rensselaer Polytechnic Institute, two weeks before the nation’s largest technological research university plans to remarket its Series 2002E bonds as fixed rate, and sell $40 million of taxable debt through a private placement.

New York's surplus has evaporated, state Comptroller Thomas DiNapoli said in a report for July that his office issued on Wednesday.

The Monroe County, N.Y., Industrial Development Corp. is scheduled to issue $161 million of fixed-rate, tax-exempt revenue bonds on Thursday following a one-day retail order period, to benefit 19 projects at the University of Rochester.

The Empire State Manufacturing Survey showed "conditions for New York manufacturers continued to worsen," the Federal Reserve Bank of New York reported Monday, as the general business conditions index declined to negative 7.72 in August from negative 3.76 in July.

The Dormitory Authority of the State of New York on Wednesday approved $426 million of health care bonds for the North Shore-Long Island Jewish Obligated Group. The 30-year bonds will be sold through negotiated sales.

New York Gov. Andrew Cuomo named a search committee to recommend candidates for the next chairman and chief executive of the Metropolitan Transportation Authority.

New York Comptroller Thomas DiNapoli proposed establishing an industry-supported fund to recover damages caused by accidents related to Marcellus Shale natural gas drilling.

Though the Port Authority of New York and New Jersey didn't say so directly in its statement announcing stunningly high fare-hike proposals, the message was clear: the authority is worried about its bond rating.

The New York City Transitional Finance Authority has sold $1.05 billion of future tax-secured, fixed-rate conversion and refunding subordinate-lien bonds.

One day after Nassau County voters body-checked a $400 million bond proposal for a new arena for the New York Islanders, the state-appointed board that oversees the county’s finances told local officials to get their house in order.

Nassau County, N.Y., will ask voters on Monday to consider a $400 million bond issue to rebuild aging Veterans Memorial Coliseum in Uniondale and to construct an adjacent minor league ballpark.

New York’s Metropolitan Transportation Authority priced $400 million of revenue bonds in a transaction led by book-running senior manager Bank of America Merrill Lynch and co-senior Loop Capital Markets.

Moody’s Investors Service lowered its outlook on Westchester County’s triple-A rating to negative from stable, affecting about $1 billion of debt that includes $836 million of general obligation bonds and $120 million of outstanding lease revenue bonds.

The New York City Transitional Finance Authority plans to sell $900 million of future tax-secured subordinate bonds in two series next week.

The rising debt of New York's Metropolitan Transportation Authority is "an absolute ticking time bomb," its finance committee chairman said Wednesday.

CHICAGO - New York-based Rice Financial Products Co. announced this week the addition of veteran public finance professional Courtney Knight to its Chicago office to help carve out more Midwestern business and bolster its state-level business nationwide.

The New York State Environmental Facilities Corp. announced the issuance of $191.7 million in state revolving fund bonds, which will refund bonds for 47 communities for a combined savings of $9.7 million.

New York City completed its sale of $800 million of fixed-rate general obligation bonds. Wednesday’s offering included $715 million of tax-exempt new money and refunding bonds, and $85 million of new-money taxable bonds.

Jay Walder on Thursday announced his resignation as chairman and chief executive of New York’s Metropolitan Transportation Authority, effective Oct. 21.