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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".
A major goal of the formation of the NYCTA was to remove transit policy, and especially the setting of the transit fare, from City politics. The fare was increased to fifteen cents on July 25, 1953, and a token was introduced for paying subway and elevated fares. Bus and trolley fares continued to be paid by cash only.
The Metropolitan Transportation Authority (MTA) operates 80 express bus routes in New York City, United States. Express routes operated by MTA Bus Company are assigned multi-borough ( BM , BxM , QM ) prefixes.
The Metropolitan Transportation Authority announced Wednesday it will test new fares for New York City Transit to increase ridership and reduce costs and uncertainty for public...
Unlimited OMNY Subway, Bus Fare Taps Start After 12 Trips: MTA - New York City, NY - The long-awaited fare capping pilot starts Feb. 28 and will last at least four months, along with $5 in-city ...
The MTA may be on better financial footing through 2024 thanks for an influx of federal funding, but transit officials won't commit to holding off on fare increases beyond 2021. (Yassie Liow/Patch)