UPDATE: State meets obligation to NYRA; Legislature OK's advance

[Buckpasser]

http://www.nydailynews.com/sports/mo...as_demise.html

Operating with a rapidly dwindling bankroll, the New York Racing Association could be out of money by the time the horses cross the wire in the Belmont.

"We need some financial relief from the state or we will not be able to run a full Belmont meet," Charles E. Hayward, president and CEO of the NYRA, said Sunday. "Everyone knows what's at stake and we're trying to reach a good solution."