The Dormitory Authority of the State of New York plans to market $634.4 million of personal income tax bonds this week as the state reels from Gov. David Paterson’s decision Friday not to run for election in November.

It was unclear last week whether Paterson’s announcement would throw another wrench into an already strained budget battle or smooth things out. Despite a torrent of negative economic news, New York’s ratings have held up, with the three major rating agencies affirming the state’s general obligation rating ahead of a $448.5 million general obligation deal last week.

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