Data previously reviewed are updated to show that, despite cuts imposed statewide because of the deficit reductions of 1991-92, the relations in educational finance among New York City, the rest of the state, and the metropolitan suburban districts remain essentially unchanged. State aid per pupil fell below the previous year's level in 1991-92 in both the suburbs and the city. Once again New York City received less aid per pupil than the average for the rest of the state ($3,140 per pupil in 1991-92 compared to $3,463, the average in the rest of the state). Less-than-average state aid and limited city funds continued to curtail New York City school expenditures. With its near-average wealth and burdensome pupil needs the city would be expected to receive more aid than the average per pupil, but legislative restrictions on state aid and budget restrictions at the municipal level have produced a real shortfall for City children. Ten tables present data that support these findings. (SLD)