New York's Metropolitan Transportation Authority is counting on help from the state and its local partners to allow it to sell $8.5 billion of bonds- including $4.5 billion backed by congestion pricing revenues - to finance a portion of a proposed $29.55 billion, five-year capital spending plan, the authority announced yesterday.

Even if the funding assumptions - which includes $8.69 billion of federal funds - come to fruition, the authority will have a $9.31 billion gap to fund capital projects on its subway and bus system, commuter rails, and bridge and tunnels for that period. The MTA board yesterday approved submitting the plan to a state review board.

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