New York's Triborough Bridge and Tunnel Authority, a credit of the Metropolitan Transportation Authority, is gearing up to sell $1 billion of revenue bonds tomorrow to help support capital projects on the system's bridges and tunnels.

The transaction will consist of two series, 2008C senior revenue bonds for $650 million, and 2008D subordinate bonds for $350 million. The larger portion will refund the system's commercial paper program while the authority may use the smaller, subordinate bond proceeds to refund previous debt and/or generate new money for needed infrastructure projects.

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