Utilize the input text as a context reference, choose the right relationship between Morgan Stanley and New York CITY from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

Day of Sale: 07/13 MASSACHUSETTS DEVELOPMENT FINANCE WEEK OF 20,000 Aa3/AA/ AGENCY 07/13 REVENUE BONDS STERLING AND FRANCINE CLARK ART INSTITUTE ISSUE SERIES 2015 MGR: Morgan Stanley & Co. LLC, New York CITY OF COLUMBUS, MINNESOTA WEEK OF 19,930 // SENIOR HOUSING REVENUE BONDS 07/13 (RICHFIELD SENIOR HOUSING, INC. PROJECT) SERIES 2015 MGR: Dougherty & Company, LLC, Minneapolis SERIAL: 2016-2031 TERM: 2037, 2046

Answer: headquarters_location