The city had planned to sell $556 million worth of bonds next week.
By comparison, in 1987 just $12.3 billion worth of bonds were stripped.
According to one survey, about $73 billion worth of such bonds will come due in the next three years.
It has issued $4.4 billion worth of bonds for more than 2,000 projects.
The $1.5 billion worth of 30-year bonds has not been entirely accounted for, they added.
State and local governments issued more than $350 billion worth of bonds a year from 2002 to 2006.
The authority, a state agency, plans to sell another $3.5 billion worth of bonds in coming months.
As a result, fewer than $100 billion worth of bonds are expected to be issued this year.
The interest payment is on $30 million worth of bonds issued in 1984.
It was decided to issue £200,000 worth of bonds at 10 per cent.