NEW YORK (Reuters) - New York Governor Andrew Cuomo on Thursday nominated Joseph Lhota, the former budget chief for Mayor Rudolph Giuliani, as chairman of the Metropolitan Transportation Authority, the biggest U.S. mass-transit agency.

If confirmed, Lhota, now executive vice president of administration for The Madison Square Garden Company, would start in a month as an interim chief executive officer and will be asked to take a 5 percent pay cut from the level paid the current chairman, Cuomo said in a statement.