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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 New York City Subway tried to keep its budget balanced between spending and revenue, so deferred maintenance became more common, which drew a slow but steady decline of the system and rolling stock. Furthermore, the workers were consolidated into the Transport Workers Union in 1968. A pension was set up, and workers were allowed to retire ...
The New York City Subway is a rapid transit system in the New York City boroughs of Manhattan, ... This resulted in fare increases (three times from 2008 to 2010) ...
The New York City Transit Authority (also known as NYCTA, the TA, [2] or simply Transit, [3] 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. Part of the Metropolitan Transportation Authority, the busiest and largest transit system in ...
New York City Subway fares have been increased four times since 2008, with the most recent occurring August 20, 2023, raising single-ride fares from $2.75 to $2.90, express service from $6.75 to $7.00 and the monthly MetroCard fare from $116 to $132.
This change was made as part of New York City Transit's Fare Deal, which sought to increase transit ridership by improving service. The change was proposed in November 1993, and public hearings on the change were held. The change reduced travel times by 4 + 1 ⁄ 2 minutes for 26,000 people, a majority of the riders on the corridor.
In New York City, a planned congestion pricing scheme would charge vehicles traveling into or within the central business district of Manhattan. This disincentivizing fee, intended to cut down on traffic congestion and pollution, was first proposed in 2007 and included in the 2019 New York state government budget by the New York State Legislature.
There are 472 stations of the New York City Subway when each station is counted separately. When station complexes are counted as one station each, the count of stations is 423. Station serving two or more lines. It may be a multi-level or adjacent-platform station and is considered to be one station as classified by the MTA.