New York has used its dedicated highway and bridge trust fund more like a piggy bank than the pay-as-you go vehicle it was originally created as, according to a report released last week by Comptroller Thomas DiNapoli.

Since the fund was created in 1991, only $11.6 billion of the $33.2 billion collected from certain transportation-related taxes and fees for the fund was used for pay-as-you go capital spending on the state's highways, roads, and bridges, the report said.

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