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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. In 1970 the fare was raised to 30 cents. This token is 23mm in diameter with a Y cut out, and is known as the "Large Y Cutout".
The New York Transit Museum (also called the NYC Transit Museum) is a museum that displays historical artifacts of the New York City Subway, bus, and commuter rail systems in the greater New York City metropolitan region.
Tokens became New York City Transit fare media in 1951. Tokens were last used in the entire New York City Transit system, including the subway, in 2003. This meant that the money trains were no longer used, and in December 2006, the platforms were closed.
The New York City Transit Authority (also known as NYCTA, the TA, or simply Transit, and branded as MTA New York City Transit) is a public-benefit corporation in the U.S. state of New York that operates public transportation in New York City.
The money room, in New York City Transit Authority parlance, refers to a formerly highly secure Second floor within the NYCTA headquarters at 370 Jay Street that handled cash collected in the system and recycled tokens formerly used throughout the automated fare collection system.
In January 1966, New York City Mayor John Lindsay proposed merging the New York City Transit Authority (NYCTA), which operated buses and subways in New York City, with the TBTA to create the Metropolitan Commuter Transit Authority (MCTA).