Bright light seen in the northeastern sky over New York tonight.In the northeastern sky, I noticed a light coming from mid-skyline. I did not notice how long it had been there, but it caught my eye. I thought it might be landing gear lights on an airplane but the airport is in the opposite direction, the object was traveling in the opposite direction, and the object was high in the sky. The light was aimed towards the city as I think the object might have been at an altitude that normal aircraft fly, although it was hard to say. The light was very bright, seeming like the object was just 5-10 thousand feet in the air (like a hot air balloon), then, as the light began to weaken, the object seemed to travel farther away (the trajectory path was not altered). After 5-6 seconds, the light completely disappeared and the object looked like a speck in the sky (like a satellite). My wife was sitting with me but I just thought it was a plane and did not tell her what I saw until the light went away.I did not get a detailed look at the craft, all I saw was a bright light in the sky. I like to think of myself as someone that doesn't get fooled very often and is very skeptical of certain things. I don't see but maybe one other explanation other than a U.F.O. The news has been broadcasting clips about shooting stars or something to do with meteor showers.