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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. [102] In 1970 the fare was raised to 30 cents. [103] This token is 23mm in diameter with a Y cut out, and is known as the "Large Y Cutout".
As of 2018, the New York City Subway's budgetary burden for expenditures was $8.7 billion, supported by collection of fares, bridge tolls, and earmarked regional taxes and fees, as well as direct funding from state and local governments.
This budget deficit has resulted in various problems, mainly concentrated in New York City. 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.
The New York City Subway is one of the few subways worldwide operating 7 days a week, 24 hours a day, every day of the year. The schedule is divided into different periods, with each containing different operation patterns and train intervals.
In April 1986, the New York City Transit Authority began to study the possibility of eliminating sections of 11 subway lines because of low ridership. The segments are primarily located in low-income neighborhoods of the Bronx, Brooklyn and Queens, with a total of 79 stations, and 45 miles of track, for a total of 6.5 percent of the system.
BMT West End Line (D train) – from Ninth Avenue to Bay 50th Street. IND Concourse Line (B and D trains) – from 145th Street to Bedford Park Boulevard. IND Culver Line (F and <F> trains) – from south of Church Avenue to Avenue X. BMT Jamaica Line (J, M, and Z trains) – from Marcy Avenue to Broadway Junction.
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 ...
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.