New York

New York’s Metropolitan Transportation Authority on Wednesday voted to hold hearings on fare and toll increases to help balance its 2011 ­budget.

New York’s Metropolitan Transportation Authority plans to release a $12.04 billion preliminary budget for 2011 today, officials said.

New York’s Metropolitan Transportation Authority hopes to replace a $634 million bond transaction scheduled for September with commercial paper, an agency official said Monday.

The New York State Thruway Authority approved a personal income-tax bond deal of up to $600 million at its monthly board meeting Wednesday.

New York City agencies are looking at possible public-private partnerships, but privatization isn’t a panacea for fiscal challenges, a senior city official said Tuesday.

New York likes to do things its own way. So when the U.S. Treasury Department began implementing a new housing bond program to help revive housing finance agencies hurt by the mortgage meltdown, the state’s biggest issuers of such bonds wanted to adapt it to their own business models.

New York’s still-incomplete budget continues to delay the sale of personal income tax bonds and, according to a report released Thursday, contains assumptions for $4.8 billion of revenue and savings estimates that may be overly optimistic.

New York City reached outside its top underwriting tier to find two firms to lead manage an $800 million general obligation refunding this month, the city announced Tuesday.

The Magen David Yeshivah in Brooklyn has received a forbearance from its insurer after failing to meet its financial obligations on a $38.5 million bond issuance.

WASHINGTON — New York City Comptroller John Liu is calling on the state’s congressional delegation to press the Internal Revenue Service to provide consistent and specific guidance on controversial issues surrounding the Build America Bond program.

The Durst Organization is negotiating to buy a $100 million equity stake in One World Trade Center, the Port Authority of New York and New Jersey announced Wednesday.

The New York State Legislature ­adjourned last week without passing a complete budget, but a few bond-related bills still squeaked through the political deadlock.

New York expects to sell $5.9 billion of bonds to partially finance $10.87 billion of capital spending approved in the fiscal 2011 budget, which lawmakers said is nearly finished.

The New York City Council passed a $63.1 billion budget Tuesday evening that includes $8.92 billion of bonds to be sold to partially finance the city’s capital program.

The Dormitory Authority of the State of New York will be able to issue tax-exempt bonds for nonprofits in the manner previously handled by Industrial Development Agencies, under legislation Gov. David Paterson submitted Tuesday.

As Albany’s tortured budget negotiations near their end this week, the rest of New York is assessing how they will be affected.

New York State will pick up the debt-service tab for North General Hospital, which plans to file for bankruptcy, officials said Monday.

New York City officials reached a handshake deal on the city's $62.9 billion budget last week and spent the weekend trying to hammer out the final details as the state budget remained in legislative limbo.

The $1.3 billion refinancing this week of One Bryant Park, a Midtown Manhattan office tower, may be the first deal of its kind. The New York Liberty Development Corp. Wednesday plans to issue $650 million of refunding Liberty bonds on behalf of the owners of the building, Bank of America Merrill Lynch and the Durst Organization.

The New York Court of Appeals ruled last week that the state can seize private property on behalf of Columbia University, which wants to expand its campus into Harlem.