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When the New York City Transit Authority was created in July 1953, the fare was raised to 15 cents (equivalent to $1.71 in 2023) and a token was issued. [89] In 1970 the fare was raised to 30 cents. [90] This token is 23mm in diameter with a Y cut out, and is known as the "Large Y Cutout".
The New York City Subway is a rapid transit system that serves four of the five boroughs of New York City in the U.S. state of New York: the Bronx, Brooklyn, Manhattan, and Queens. Operated by the New York City Transit Authority under the Metropolitan Transportation Authority of New York, the New York City Subway is the busiest rapid transit ...