Narrative:

While talking with bos center on frequency 124.85, center reported an small aircraft at our 11 O'clock position at 12500 ft. They told us we could level off at 13000 ft if we wanted until we saw the VFR traffic. We were cleared to 12000. I saw an aircraft as we passed 12700 ft but it was no small aircraft. I called center to reconfirm altitude and type of aircraft as we passed 500 ft under an light transport. I asked for the light transport altitude and he reported 12500 ft. I queried center. Center said we could have leveled at 13000 ft. No evasive action taken, but too close for comfort.

Google
 

Original NASA ASRS Text

Title: FLC OF LGT ON DSCNT PASSED COMMUTER 500 FT.

Narrative: WHILE TALKING WITH BOS CENTER ON FREQ 124.85, CENTER RPTED AN SMA AT OUR 11 O'CLOCK POS AT 12500 FT. THEY TOLD US WE COULD LEVEL OFF AT 13000 FT IF WE WANTED UNTIL WE SAW THE VFR TFC. WE WERE CLRED TO 12000. I SAW AN ACFT AS WE PASSED 12700 FT BUT IT WAS NO SMA. I CALLED CENTER TO RECONFIRM ALT AND TYPE OF ACFT AS WE PASSED 500 FT UNDER AN LTT. I ASKED FOR THE LTT ALT AND HE RPTED 12500 FT. I QUERIED CENTER. CENTER SAID WE COULD HAVE LEVELED AT 13000 FT. NO EVASIVE ACTION TAKEN, BUT TOO CLOSE FOR COMFORT.

Data retrieved from NASA's ASRS site as of July 2007 and automatically converted to unabbreviated mixed upper/lowercase text. This report is for informational purposes with no guarantee of accuracy. See NASA's ASRS site for official report.