Morgenthau says $66 million is the city's share of a settlement involving London-based Lloyds Bank TSB. That case involved the transfer of money from Iran and Sudan through New York City.
Mayor Michael Bloomberg says the money will help pay for "vital city services in these tough economic times."
Morgenthau says he hopes the money can offset budget cuts affecting youth, drug treatment and crime prevention programs.
NEW YORK AND TRI-STATE AREA NEWS
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