New York will begin using a new vehicle to issue state debt, starting with a $1 billion October deal.

The Dormitory Authority of the State of New York will price the sales-tax backed revenue bonds the week of Oct. 17, said New York Division of Budget spokesman Morris Peters.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.