In this Oct. 21, 1975 file photo, New York Gov. Hugh Carey, right, and Felix Rohatyn, chairman of Municipal Assistance Coportaion, press memebrs of a House economic stabilization subcommittee in Washington, to enact legislation to aid deficit-ridden New York City.

FILE – In this Oct. 21, 1975 file photo, New York Gov. Hugh L. Carey, right, and Felix Rohatyn, chairman of Municipal Assistance Corporation, press members of a House economic stabilization subcommittee in Washington, to enact legislation to aid deficit-ridden New York City. Carey, who led the rescue effort that brought New York City back from the brink of bankruptcy during its 1975 fiscal crisis, died Sunday, Aug. 7, 2011. He was 92. (AP Photo/Charles Gorry, File)

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