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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 MTA Will Pay $1M For Your 'Genius' Idea On How To Fix The NYC Subway (New Details!) - New York City, NY - The three winners of the "MTA Genius Transit Challenge" will be awarded $1 million each.