New York

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.

New York City should start to build a surplus for fiscal 2012 close to the level just achieved, to deal with a projected $4.6 billion gap in 2013, according to New York State's Financial Control Board.

Nassau County, N.Y.'s state-appointed financial overseer sent the county back to the drawing board.

Republicans in New York City's Queens and Brooklyn boroughs nominated retired cable television executive Bob Turner to face Democrat David Weprin for the Ninth Congressional District seat vacated by Anthony Weiner.

Gov. Andrew Cuomo on Wednesday vetoed a bill that would have allowed school districts in New York State to issue new debt to cover pension payments.

Assured Guaranty Corp. won't seek to appeal a New York State court's ruling that it must honor coverage of defaulted debt issued by the Xenia Rural Water District in Iowa.

New York City on Tuesday announced details of its upcoming $775 million sale of taxable and tax-exempt new-money general obligation bonds, which it plans to issue in three subseries.

The Dormitory Authority of the State of New York plans to issue $762.7 million of general-purpose personal income tax revenue bonds Wednesday through negotiated bid.

But while New York Gov. Andrew Cuomo has received accolades for the property-tax cap — one of several political victories early in his first year in office — questions linger about its effect on counties, municipalities, and school districts.

The Democratic Party in New York has nominated Assemblyman and municipal bond banker David Weprin to fill the congressional seat vacated by Anthony Weiner.

New York State's recently approved property tax cap will likely put greater pressure on local finances and ratings, particularly of school districts, Moody's Investors Service said in a report Tuesday.