The New York Senate was expected to finish a bill last night to close a funding gap for the Metropolitan Transportation Authority that would create revenue streams to support up to $6 billion of bonds for the transit system, a spokesman for the Senate majority said.

The Senate could vote as soon as today on a plan that would dedicate for capital spending 25% of an estimated $1.76 billion to be raised annually through a menu of fees and taxes, said Austin Shafran, spokesman for Senate Majority Leader Malcolm Smith, D-Queens.

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