Standard&Poor's Ratings Services confirmed its 'AAA/A-1' rating on New York State Local Government Assistance Corp.'s (New York State) series 2003A-8V variable-rate subordinate lien refunding bonds, due to the bank facility being extended to July 16, 2019. The long-term component of the rating is based on the rating on the obligor, New York State. The short-term component of the rating is based on the rating on the liquidity facility provider, JPMorgan Chase Bank N.A. The stable outlook is based on the outlook on New York State. USPF Criteria: Bank Liquidity Facilities, June 22, 2007