NY S07185

Extends deadline for New York City bond and note sales from June 30, 2014 to July 1, 2015, allowing the mayor and comptroller to continue marketing municipal debt with state comptroller approval.

Extends deadline for NYC to sell bonds at private sale (to entities like the Municipal Assistance Corporation) from June 30, 2014 to July 1, 2015.

Extends deadline for NYC refunding bonds to meet alternative conditions (where annual principal and interest payments are reduced) from June 30, 2014 to July 1, 2015.

Extends deadline for NYC to issue variable rate debt and authorize interest rate exchange agreements from July 15, 2014 to July 15, 2015, with a cap of 25 percent of the debt limit.

Extends the state's pledge and agreement to protect the Financial Control Board's authority regarding NYC financial oversight through July 1, 2015 for any bonds or notes issued by that date.