MTA to Sell $230 Million of Debt Amid Tolling Plan Legal Fight

New York City’s transit network is seeking to raise $230 million in short-term debt to finance needed infrastructure for its congestion toll plan implemented earlier this year.

Congestion pricing charges motorists to drive on Manhattan’s busiest streets and has been a target of the Trump administration. The Triborough Bridge and Tunnel Authority plans to sell the bond anticipation notes on Tuesday in a competitive deal, according to borrowing documents.

The agency — a part of the Metropolitan Transportation Authority, which oversees the city’s subway, bus and commuter rail lines — will use the proceeds to refund prior short-term ...