The Metropolitan Transportation Authority may delay payments to its pension fund if a New York State deficit-closing proposal reduces funds available to repay revenue anticipation notes, the MTA said yesterday.

Earlier this month Gov. David Paterson proposed a mix of cuts and revenue-raising measure to close a $3 billion current year deficit that, among other proposals, would reduce appropriations of certain dedicated taxes and fees to the MTA by $115 million. The cuts would hit the authority in mid-November.

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