A New York city councilwoman on Friday called for an "immediate investigation" into a delay of the city's bond underwriting process and whether that delay encouraged Wall Street firms to contribute to the re-election campaign of Mayor David N. Dinkins.

City Councilwoman Kathryn E. Freed, D-Manhattan, said during a news conference on Friday that she has asked the city's Department of Investigation to launch the probe following newspaper articles suggesting a link between the mayor's fund-raising activities and the city's preparations to select a new bond underwriting group.

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