New York

Proposed legislation that would allow the State University of New York and City University of New York to set their own tuition rates would have positive credit effects, Moody's Investors Service said last week in a special comment.

The Dormitory Authority of the State of New York gave final and preliminary approval to six bond transactions totaling more than $245 million at its monthly board meeting Wednesday.

The Port Authority of New York and New Jersey is looking to reserves to provide self-liquidity for its commercial paper program, officials said Tuesday.

New York City Mayor Michael Bloomberg on Tuesday appointed former U.S. Treasury official and banker Robert Steel as deputy mayor for economic development.

Fiscally challenged New York has come through with some subsidies for the cash-strapped Metropolitan Transportation Authority, officials said Monday.

New York lawmakers on Monday were expected to pass an emergency spending bill that counted on revenue from increased cigarette taxes.

New York’s practice of delaying payments to local governments and school districts to manage its cash-flow difficulties is causing headaches for aid recipients, who have responded with a variety of financial gymnastics.

Swap Financial Group LLC is making a second bid to become the derivatives adviser for New York’s Metropolitan Transportation Authority, after trimming fees one authority official labeled “usurious.”

The Internal Revenue Service temporarily withheld Build America Bond subsidies from New York City, Comptroller John Liu’s office said Wednesday.

New York Gov. David Paterson said Tuesday he plans to submit budget bills and threatened to include them in next week’s emergency spending bills if they aren’t passed.

New York State’s late budget has delayed a $1.3 billion personal income tax bond deal that was expected to come to market this month.

A Port Authority of New York and New Jersey official reassured New Jersey lawmakers yesterday that the agency is moving quickly to update or replace the Bayonne Bridge, a move that would potentially increase shipping activity in the area.

New York’s Metropolitan Transportation Authority wants ideas on how to create a new credit with revenue streams enacted in last year’s state bailout, according to its first request for proposals for underwriting services in five years.

The New York City Capital Resource Corp. yesterday approved a $17 million recovery zone facility bond deal to partially finance the construction of a medical office building in Queens.

New York City budget director Mark Page yesterday faced sharp questions over spending and budget cuts at the City Council’s final hearing for the fiscal 2011 budget.

The New York City Capital Resource Corp. tomorrow will consider a Harlem hotel project to use the remainder of its recovery zone facility bond allocation.

The Dormitory Authority of the State of New York’s upcoming $1.3 billion personal-income tax bond deal will be the state’s largest ever municipal issue with a minority firm serving as book-runner, DASNY announced yesterday.

New York’s pension fund’s rate of return improved significantly in the fiscal year that ended March 31 but didn’t erase the previous year’s steep loses, state Comptroller Thomas DiNapoli said yesterday.

Rochester-based Harris Beach PLLC has hired attorney John S. Harris as partner to help with its expansion in the New York state capital region.

The Whitney Museum of American Art has had informal talks with the New York City Trust for Cultural Resources about selling bonds to help finance a new building in downtown Manhattan.