The board of directors of the New York State Metropolitan Transportation Authority and the Triborough Bridge and Tunnel Authority announced Friclay they have approved a new underwriting team for the authority's 1992-96 capital program.

The new syndicate is divided into three brackets and includes 19 firms. A number of firms from the old syndicate were dropped and four other firms were added to the syndicate. The newcomers include Morgan Stanley & Co., which was dropped from the team in 1989, when the authority last picked a syndicate.

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