The city estimates the congestion charge will bring in $500 million in its first year. New York Governor Kathy Hochul said the money would underpin $15 billion in debt financing for mass transit capital improvements, with 80% of the money to be spent on the subway and bus system, and the other 20% spent on the MTA's two commuter rail systems.

New York’s new toll for drivers entering the center of Manhattan means many people will pay $9 to access the busiest part of the Big Apple during peak hours. The toll is meant to reduce traffic gridlock in the city and raise money to fix its ailing public transit infrastructure. (AP Video: David R. Martin / Jan. 6, 2025)

Traffic in Midtown and lower Manhattan was down nearly 8% after the first full week of congestion tolling, according to preliminary traffic data released Monday by the MTA. “It has been a very good week here in New York,