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  2. History of the New York City Subway - Wikipedia

    en.wikipedia.org/wiki/History_of_the_New_York...

    The NYCTA, a public authority presided over by New York City, was created in 1953 to take over subway, bus, and streetcar operations from the city. [14] In 1968 the state-level MTA took control of the NYCTA, and in 1970 the city entered the New York City fiscal crisis. It closed many elevated subway lines that became too expensive to maintain.