For those who do not know -— Lower Manhattan congestion parking fees collected.... Are all to go to NYC public transit and subway system. To bail them out. They are deep billions in debt. So probably cannot issue any new debt at a fair price. The debt markets probably would make them pay 2 points interest above the usual. AKA pay at junk bond interest rates.
They were a driving fee, not a parking fee. Drivers had to pay them regardless of whether they parked or not.
I have read that the money involved (500m) is almost exactly the yearly loss to the MTA subway authority from turnstyle jumpers. So, in effect, the “congestion tax” was a subsidy for criminals. By criminals.