This is derived using a weighted average of various advance metrics such as Strength of Record, Game Control, and a few others. It is mostly results based but there are a couple of predictive-based metrics included.

Top 25
1. Alabama
2. Georgia
3. Oregon
4. Michigan
5. Arkansas
6. Michigan St
7. Penn St
8. Iowa
9. Ole Miss
10. Oklahoma
11. Notre Dame
12. Florida
13. Wake Forest
14. Baylor
15. BYU
16. SMU
17. Texas
18. NC State
19. Clemson
20. Cincinnati
21. Oklahoma St
22. Coastal Carolina
23. LSU
24. Army
25. UCLA

Other notable teams:
45. Boise St
52. Arizona St
73. Virginia
78. USC
79. Utah St
80. Utah
100. Washington St
106. South Florida
115. Georgia Southern
125. Arizona

Based on these rankings the NY6 Bowls would look as follows:

Cotton Bowl: 1 Alabama vs 4 Michigan
Orange Bowl: 2 Georgia vs 3 Oregon

Rose Bowl: 6 Michigan St vs 25 UCLA
Sugar Bowl: 5 Arkansas vs 10 Oklahoma
Peach Bowl: 7 Penn St vs 13 Wake Forest
Fiesta Bowl: 8 Iowa vs 16 SMU