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The New York City Subway is a rapid transit system that serves four of the five boroughs of New York City, New York: the Bronx, Brooklyn, Manhattan, and Queens. [a] Its operator is the New York City Transit Authority, which is itself controlled by the Metropolitan Transportation Authority of New York.
Currently, the MTA has $5.6 billion left of the $15 billion it received in COVID-relief aid, he said — with a total of $11.4 billion in cumulative deficits over the coming plan period.